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Tunisia Says Talks with IMF Positive, Committed to Paying Debts

By Asharq Al-Awsat
A vendor offers rose petals to produce rose water traditionally in Nabeul, south of Tunis, Tunisa, 07 May 2022. (EPA)

Tunisian Finance Minister Sihen Boughiri said on Wednesday that initial talks with the International Monetary Fund were positive and that Tunis was committed to paying all its foreign debts.

Tunisia, in the throes of a severe financial crisis, is seeking to reach a new loan deal with the IMF in exchange for what would be unpopular reforms that include lifting subsidies and freezing wages.

Boughiri also said that Tunisia would repay 3.5 billion dinars ($1.14 billion) in foreign debt this month.

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Dive Deeper:
Tunisia to raise the prices of some foodstuffs after farmers' protests
Tunisia will raise the prices of some foods including milk, eggs and poultry this week, the agriculture minister said, following…
India's forex reserves decline by $28.05 bn in second half of FY22: RBI report
As of March 31, 2022, foreign exchange assets stood at $540.72 billion, while gold reserves are at $42.55 billion and…
US Official to Visit Tunisia to Support ‘Political and Economic Reforms’
US Acting Assistant State Secretary for Near Eastern Affairs Yael Lambert is scheduled to travel to Tunis on Saturday. While…
Despite 'fatigue', donors pledge another $6.7 billion for Syria, neighbours
An international donor conference raised $6.7 billion for Syria and its neighbours on Tuesday despite what the European Union's foreign…
One subscription that gives you access to news from hundreds of sites
Bausch Health's Q1 Sales, Profits Fall On Supply Chain Challenges, Cuts FY22 Outlook
Bausch Health Companies Inc (NYSE:BHC) has reported Q1 revenues of $1.92 billion, down 5% Y/Y. Excluding the unfavorable impact of foreign exchange…
EU pledges $520m in Ukraine funds at G7 meetup
European Union’s foreign policy head says the funds would be allocated for the purchase of heavy weapons.
Get all your news in one place