Browsing: Tunisia President

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

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

Tunisia is hosting the Tokyo International Conference on African Development (TICAD8), where 20 African heads of state and government are in attendance.

The delegation is hosted the president of the Republic of Tunisia, Kassas Saed, and the Prime Minister of Japan, Fumio Kishida.

  • During TICAD8, the two-day conference that began on Saturday, August 27 at the Convention Palace in Tunis, is planned to pinpoint strategies for fostering resilience as well as inclusiveness and abundance in Africa
  • The major event aims to promote high-level political discussion between African leaders and development partners while also mobilizing support for Africa’s initiatives
  • During the TICAD 8 business forum on Saturday afternoon, about 50 significant Japanese companies participated, represented by 100 business managers and executive directors

Several other stakeholders, in addition to the heads of state, are in attendance, including 66 official delegations (FMs, ministers of economics and trade, and diplomatic corps) from 48 …