IMF Backs Tunisia’s $4billion Loan Request As Citizens Protest

The International Monetary Fund has expressed support for Tunisia’s bid to reform the local economy through its loan request.

Faced with an economic crisis, the North-African country is seeking $4Billion in loan from the IMF.

Middle East Director of the IMF, Jihad Azour said the plan is good after meeting Tunisian President, Kais Saied on Wednesday in Tunis. 

Tunisian Minister of Finance, Sihem Boughdiri Nemsia

The far-reaching reforms, deemed unacceptable by Tunisian locals include freezing wages, halting public sector recruitment and cutting the subsidies on energy and food, which is affected by massive inflation at the moment.

Tunisia’s labour union, unimpressed with President Saied’s decision has called for a nationwide strike in Tunisia to protest the decision.

Your Friends Also Read:  While Discussions Between Russia and Ukraine Drag, Oil Prices Rise.

Said, who controversially became President in 2021 has sacked the parliament and his cabinet as he claims he needs a free hand to direct the country to the right spot.

A meeting with the labour union and political parties last week saw major political establishments snub the meeting with the President. 


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares

Leave a Reply

Previous Article

Cameroon National Gendarmerie Bust Suspected Kidnapping Ring

Next Article

Gutierres Shocked By Civilian Killings in Mali

Related Posts
Powered by Live Score & Live Score App