Article content. People walk in the center of Tunis, amid the coronavirus disease (COVID-19) outbreak, Tunisia, April 29, 2021. TUNIS – Tunisia will seek a $4 billion loan programme from the International Monetary Fund (IMF) in talks starting next week, Prime Minister Hichem Mechichi told Reuters on Friday. Negotiations are expected to start soon between the IMF and Tunisia on a package of measures to be implemented by the Tunisian government in exchange for crucial support by international financial institutions. IMF Responds Positively to Tunisia’s Request for Funding Program Tuesday, 27 April, 2021 - 11:15 International Monetary Fund (IMF) Managing Director Kristalina Georgieva. The May 04, 2021 • 6 minutes ago • 2 minute read • Join the conversation . TUNIS — Tunisia will cut its public sector wage bill and replace subsidies with direct support for the needy, according to a government reform proposal written to support talks with the International Monetary Fund and seen by Reuters. The IMF has said Tunisia should implement urgent reforms of state-owned enterprises, subsidies and the large public sector wage bill [File: Zoubeir Souissi/Reuters] 1 May 2021. The 2021 budget aims to cut the fiscal deficit to 6.6 percent but the IMF, following a mission in Tunisia, issued a statement on Friday calling for specific measures to back this objective. February 26, 2021 Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Tunisia. TUNIS (Reuters) – Tunisia has asked the International Monetary Fund for a new financing programme, an IMF letter seen by Reuters shows, and is preparing to start talks with the fund. The proposal, shown to Reuters by a government source, … May 5, 2021 . Reuters. Tunisia’s 2021 budget forecasts borrowing needs $7.2 billion including about $5 billion in foreign loans. While the 2021 budget aims to cut the budget deficit to 6.6% of GDP, the IMF warned the figure could come in at 9% without serious spending cuts and a refocus on promoting growth. (Reuters) Asharq Al-Awsat. Tunisia Requests New IMF Program to Back Reforms, Letter Shows By . Tunisia to Begin New Negotiations for IMF Loan ; Tunisia to Begin New Negotiations for IMF Loan ... bill, which accounts for 28 percent of the state budget and has amounted to 20.1 billion dinars (about $7.3 billion) in 2021, according to the Ministry of Finance’s projections for the current year. Wide shot, IMF building exteriors 6 MAY 2021, WASHINGTON DC 3. April 25, 2021, 10:45 AM EDT Pedestrians cross Avenue Habib Bourguib in … SHARE. Documents lay out the proposal to slash the public sector wage bill and replace subsidies with direct cash support. March 1, 2021 at 9:52 am | Published in: Africa, IMF, International Organisations, News, Tunisia Sign outside the headquarters of the International Monetary Fund (IMF) in … Tunisia to Seek $4 Billion IMF Loan, PM Says More Tunisian Prime Minister Hichem Mechichi speaks during an interview with Reuters in Tunis, Tunisia April 30, 2021. STORY: IMF / TUNISIA UGANDA INDIA US TRT: 03:20 SOURCE: IMF RESTRICTIONS: NONE LANGUAGE: ENGLISH / NATS DATELINE: 6 MAY 2021, WASHINGTON DC SHOTLIST: RECENT - WASHINGTON DC 1. Tunisia will cut its public sector wage bill and replace subsidies with direct support for the needy, according to a government reform proposal written to support talks with the International Monetary Fund and seen by Reuters. Jihen Laghmari. Published: 05 May ,2021: 06:05 PM GST Updated: 05 May ,2021: 06:19 PM GST. URL Copied; Tunisia’s most powerful labor union rejects reported reforms proposed by … A government delegation is in Washington for talks with the International Monetary Fund (IMF) on a possible $4 billion loan and reforms to eliminate subsidies and reduce the . Wide shot, Gerry Rice in studio 4. According to the IMF, Tunisia had ended 2020 with an 8% recession. The IMF has previously called on Tunisia to enact economic reforms to reduce chronic fiscal deficits and a large public sector debt, including by cutting its … The institution is tired of demanding structural reforms in vain. Abdessalem Abbassi remains optimistic, however, about a positive conclusion of negotiations with the IMF. The IMF has previously said Tunisia should target urgent reforms of state-owned enterprises, subsidies and the large public sector wage bill. This growth is expected to return to positive territory, with GDP at +3.8% for 2021, and +2.4%. Wide shot, IMF logo on building 2. IMF 'ready' to help Tunisia — official By AFP - May 08,2021 - Last updated at May 08,2021 WASHINGTON — The International Monetary Fund (IMF) stands "ready" to offer Tunisia an aid package to deal with the current financial crisis, a fund official said on Thursday. SHARE. Tunisia, which adopted democracy after its 2011 revolution, had suffered years of economic stagnation, declining public services and worse living standards even before the pandemic, causing widespread anger and frustration. WASHINGTON: International Monetary Fund staff met with Tunisian authorities this week in Washington to discuss Tunisia's request for an IMF loan program and focused on … "During our visit, a program will be presented that will include … “It is essential to strictly prioritize spending on health and social protection, while exerting control over the wage bill, ill-targeted energy subsidies and transfers to state-owned enterprises,” it said. The deal paves the way for an agreement with the International Monetary Fund. WASHINGTON- International Monetary Fund staff met with Tunisian authorities this week in Washington to discuss Tunisia's request for an IMF loan program and focused on details of the North African country's post-COVID economic reform plans, IMF spokesman Gerry Rice said on Thursday. The budget deficit was estimated at $2.9 billion, over seven percent of the GDP. Tunisia’s 2021 budget forecasts borrowing needs of $7.2 billion, including about $5 billion … He also added that the IMF doesn’t have a timeline on those discussions at the moment and stressed that the IMF stands ready to support Tunisia and the Tunisian people to cope with the impact of the crisis and move forward to an inclusive drawbridge recovery and restore sustainable finances. Reuters. The country's civil service wage bill hits new records every year, public administrations are paralysed by repeated political crises, and foreign debt has swollen inexorably to reach 95% of GDP. SOUNDBITE (English) Gerry Rice, IMF … But also a current account deficit of -9.5% for the current year and -9.4% for 2022. Tunisia … Tunisia has asked the International Monetary Fund for a new financing programme, the IMF said on Sunday, as the North African country prepared to begin talks with the global lender. Tunisian Prime Minister Hichem Mechichi speaks during an interview with Reuters in Tunis, Tunisia April 30, 2021. Tunisia has asked the International Monetary Fund for a new financing program, an IMF letter seen by Reuters shows, and is preparing to start talks with the fund. The IMF's five-year programme for Tunisia will end on 19 May, with only $1.6bn disbursed out of the $2.8bn initially planned. The IMF has previously called on Tunisia to enact economic reforms to reduce chronic fiscal deficits and a large public sector debt, including by cutting its wage bill, subsidies and transfers to state-owned companies. May 5, 2021. IMF 'ready' to help Tunisia with aid package: official Tunisia's economy has lurched from crisis to crisis since the country's 2011 revolution [Getty] Date of publication: 6 May, 2021 Tunisia, at bay, turns again to the IMF Tunis (AFP) Heavily in debt, Tunisia turns to the International Monetary Fund for the fourth time in a decade, hoping for a three-year deal and € 3.3 billion for 2021, in return for even tougher reform promises to hold on than before. Tunisia will ask for a loan of 4 billion dollars from the IMF and talks are expected to last about two months, Mechichi told the media, adding that an agreement will enable the North African country to obtain the financial support it needs to overcome the economic crisis aggravated by the impact of the coronavirus epidemic. Tunisia expects to agree on a new program with the International Monetary Fund within three months, Finance Minister Ali Kooli said, as talks continue on … Meanwhile, the Tunisian parliament approved a $19.2 billion budget for 2021, a 1.8 percent increase compared to last year's budget. He added that Tunisian politicians faced a “last opportunity” to save the economy in the talks that he expects to last about two months. Tunisia visiting IMF to propose wage and subsidy cuts. and . Souhail Karam. Walk in the center of Tunis, amid the coronavirus disease ( COVID-19 ) outbreak, Tunisia ended! 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