Coronavirus lockdown uncovers vulnerability of Tunisia’s economy. Tunisia agreed with the fund in April to borrow $743 million to help counter economic mayhem from the coronavirus pandemic after a previous long-term IMF loan program had expired. Specifically, spending on social programs will reach 2.7 percent of GDP in 2019 from 1.9 percent in 2017—a reallocation that is also monitored under the IMF-supported program through a floor on social spending. The International Monetary Fund urged Tunisian authorities to focus more on promoting growth and curbing poverty, as the North African nation grapples with a … Tunisia will have discussions with the International Monetary Fund (IMF) in coming weeks and may request more financing facilities, a senior official at the lender said. Tunisia agreed with the fund in April to borrow $743 million to help counter economic mayhem from the coronavirus pandemic after a previous long-term IMF loan programme had expired. This allowed Tunisia access to an However, there is “no timeline” for finalising an agreement, spokesperson for the International Monetary Fund (IMF) Gerry Rice told reporters. If we take a closer look at the period following the transition from Bourguiba’s to Ben Ali’s rule, we can see that Tunisia requested a Stand-by agreement with the IMF in 1986. (Bloomberg) -- Tunisia asked the International Monetary Fund on April 19 for a new program that would support long-awaited economic reforms, a letter from the lender showed. [Photo: Getty Images] IMF is ready to help Tunisia with an aid package to deal with the current financial crisis, a fund official said Thursday. International Monetary Fund staff met with Tunisian authorities this week in Washington to discuss Tunisia's request for an IMF loan program the IMF- the request for a Stand-by Agreement, followed by an Extended Credit Facility. What is Market Insider? Market Insider is a business news aggregator for traders and investors that proposes to you the latest financial markets news, top stories headlines and trading analysis on stock market, currencies (Forex), cryptocurrency, commodities futures, ETFs … Tunisia will have discussions with the International Monetary Fund (IMF) in coming weeks and may request more financing facilities, a senior official at the lender said. “We did not receive yet any request from the authorities for a new program,” said Jihad Azour, director of the IMF’s Middle East and Central Asia Department. IMF Managing Director Kristalina Georgieva, in a letter to Mechichi dated April 23 and seen by Reuters, said Tunisia made the request for support on April 19 and that the fund would assign a delegation to conduct technical talks with Tunisia when it … Tunisia will have discussions with the International Monetary Fund (IMF) in coming weeks and may request more financing facilities, a senior official at the lender said. The IMF supports the authorities’ efforts to increase social protection and, more precisely, to lower the impact on the most vulnerable. Tunisia asked the International Monetary Fund on April 19 for a new program that would support long-awaited economic reforms, a letter from the lender showed.
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