Browsing: Tunisia’s powerful General Labor Union (UGTT)

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

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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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