Tunisia to Hold Talks With IMF, Request Funds

  • 10/19/2020
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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 program had expired. “They may request - they did not do it yet - they may request other fund facilities,” Jihad Azour, director of the Middle East and Central Asia department at the IMF, told Reuters. The country expects its economy to shrink by 7% this year and its fiscal deficit to balloon to 14% of gross domestic product (GDP). It has also received financial support from the European Union and the World Bank.

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