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Tunisia..a round of talks with the International Monetary Fund regarding the reform program

tunisiaa-round-of-talks-with-the-international-monetary-fund-regarding-the-reform-program
People shop in the old city in Tunis, Tunisia, Jan. 13, 2022. (EPA Photo)

Tunisia / TEH: A Tunisian delegation is currently visiting Washington with officials of the International Monetary Fund, within the framework of talks between the two sides on a financing package for an economic reform program proposed by the Tunisian government.

The Tunisian Ministry of Finance said, in a statement, that the Tunisian delegation included Finance Minister Sihem Al-Boughdiri Nemsia (via video), Minister of Economy and Planning Samir Said and Central Bank Governor Marwan Al-Abbasi, who are in Washington to participate in the Spring Meetings of the Bank and the International Monetary Fund, while the Fund delegation was headed by the Director of the Department of Middle East and Central Asia Jihad Azour.

“The meeting touched on the progress of the ongoing talks between Tunisia and the International Monetary Fund, in order to reach an agreement between the two parties,” the Tunisian Ministry of Finance said in a statement.

The Tunisian Finance stated that “the two sides discussed the tireless efforts made by the Tunisian state to accelerate the pace of reforms and put them into effect, in consultation with its partners from the national organizations, in order to overcome the difficult economic situation that Tunisia has been experiencing for years, which has worsened due to the Corona crisis and the repercussions of the Russian-Ukrainian war.”.

The Tunisian Finance confirmed that “these meetings will continue throughout this week, in the presence of technical teams, to continue the talks.”

Tunisia is experiencing the worst economic crisis since its independence in the fifties of the last century, exacerbated by a political crisis that began on July 25, when President Qais Saad took a number of “exceptional measures”, starting with suspending the parliament’s work until its dissolution on March 30.

The Tunisian government is seeking a $4 billion rescue package from the International Monetary Fund to finance its reform program.