Tunisia
The International Monetary Fund on Friday approved the payment of a $245 million loan tranche to Tunisia, the fifth under its loan programme with the North African country, an official source told Reuters.
The loan programme is tied to Tunisia’s pursuing economic reforms aimed at keeping its deficit under control. The IMF approval will open the way for Tunisia to sell $ 1 billion bonds next month.
An official source told Reuters this month that the sale will be early next month after the IMF approval.
Tunisia expects economic growth to accelerate to between 3 and 3.5 percent next year from an expected 2.9 percent in 2018, driven by a recovery of the tourism industry and an expanding agricultural sector, officials told Reuters last month.
The government aims to reduce its budget deficit to 3.9 percent of gross domestic product next year from the 4.9 percent it is forecasting for 2018.
The North African country’s economy has been in crisis since the toppling of autocrat Zine al-Abidine Ben Ali in 2011, with unemployment and inflation shooting up.
00:50
Ons Jabeur retires from Wimbledon Opener due to breathing issues
01:30
Abu Dhabi hosts first Global South Economic Forum
01:10
China to remove tariffs on goods from all African countries
01:52
138 million child workers globally in 2024, number down from 2020
01:03
Ethiopia to post faster growth despite debt, inflation
02:25
São Tomé and Príncipe: helping fishers and their future