Browsing: Tunisia President

Tunisia expects deal on IMF loan in weeks, Says central bank governor www.theexchange.africa

Tunisia expects deal on IMF loan in weeks, Central Bank governor says

Countries

Tunisia anticipates striking an agreement with the International Monetary Fund on a credit of between US$2 billion and US$4 billion over three years in the following weeks, according to the central bank governor on Sunday.

“The magnitude is still being negotiated, but I believe it will range betweenUS$2 billion and US$4 billion,” Marouan Abbasi told Reuters. “We aim to achieve a staff level agreement in the next weeks.”

Last week, the authorities and the influential UGTT union agreed to raise public sector salaries by 5%, potentially easing social tensions. They did not, however, declare any additional agreement on reforms required for an IMF bailout.

  • Tunisia anticipates striking an agreement with the International Monetary Fund on a credit of between US$2 billion and US$4 billion over three years in the following weeks
  • The pay deal, according to Abbasi, is a critical step in discussions with the IMF and will provide
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African Union Commission Chairperson Moussa Faki Mahamat and Senegalese President Macky Sall attending TIVCAD8. Start-ups and social enterprises are the biggest beneficiaries as indicated by Japan PM Fumio Kishida's opening remarks. www.theexchange.africa/

TICAD8: Start-ups biggest beneficiaries as Tunis welcomes delegations

Investing

During this edition, the Tunisian private sector will offer 81 investment projects totalling US$2.7 billion dollars to investors from Africa and Japan. 37,750 employment opportunities will be created by the initiatives listed in a white paper by the Tunisian-Japanese Chamber of Commerce and Industry (CCITJ).

The 128-page white paper includes proposed projects by firms. This is in addition to new projects and those that are already in place and looking for possible partners. These initiatives will be carried out as a result of a triangular relationship between Japan, Tunisia, and other African nations in fields with a high added value.

Some of these projects include 21 in the green and blue economy, the digital industry, artificial intelligence and space technologies (20), pharmaceutical and medical (17), industrial (12), infrastructure and logistics (9) and two in finance.…