IMF to visits Tunisia to discuss fifth review of loan

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The International Monetary Fund (IMF) mission will visit Tunisia on March 27 to discuss the fifth review of a loan programme with the country,

The country’s Minister of Economic Reform, Tawfik Rajhi who disclosed this on Tuesday in Tunis, explained that the visit came two months after the government had raised the wages of about 670,000 public employees, a decision the IMF had discouraged in order to cut Tunisia’s budget deficit.

It would be recalled that Tunisia struck a deal with the IMF in December 2016 for a loan programme worth around $2.8 billion to overhaul its ailing economy.

It included steps to cut chronic deficits and trim bloated public services, but progress has been slow.

Tunisia has so far received $1.4 billion of the total loan.

Peace PIAK