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Talks between Tunisia, IMF on economic aid program to start

According to Tunisia's prime minister, in order to agree on an economic aid program, Tunisia will hold negotiations with the International Monetary Fund (IMF) on Monday.

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According to Tunisia’s prime minister, in order to agree on an economic aid program, Tunisia will hold negotiations with the International Monetary Fund (IMF) on Monday.

In a statement released on Saturday, Najla Bouden said, “This shows the seriousness of the Tunisian government to deal with the economic file.”

In order to agree on a $4-billion bailout package to support the North African country’s 2022 budget, the IMF said it is ready to start negotiations with Tunisia last month.

Furthermore, to initiate official negotiations on the aid program, Bouden said an IMF delegation will visit Tunis on July 4.

She added, “The talks with the IMF will enhance the government’s resolve to implement the needed reforms to overcome the country’s difficult economic and social situation.”

The IMF program will include financial and tax reforms “with a view to advancing development and investments and improving the business climate,” the Tunisian prime minister indicated.

Since President Kais Saied ousted the government, suspended parliament and assumed executive authority in July 2021, Tunisia has been in the throes of a deep political crisis that aggravated the country’s economic conditions.

Critics have accused him of orchestrating a coup, while Saied insists that his measures were meant to “save” the country.

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