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.
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.
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.