Tunisia’s Foreign Minister Nabil Ammar indicated Thursday that the North African country is still in talks with the International Monetary Fund (IMF) for a $1.9-bllion loan, but warned there are red lines not to cross. The country is currently in talks with the International Monetary Fund (IMF) for a $1.9-billion loan to supplement the national budget facing a deficit of $2 billion. The loan is attached to a string of conditions and reforms rejected by the country’s powerful labor union, UGTT. Ezzahi indicated that the reforms will not be implemented at the detriment of underprivileged segments of the population. Tunisia’s President Kais Saied last month indicated that his country will end talks with the IMF and the World Bank that he accused of hijacking the sovereignty of countries.

Source: The North Africa Journal May 27, 2023 08:00 UTC