Home Business Tunisia: IMF sets conditions for reforms, loans

Tunisia: IMF sets conditions for reforms, loans


Tunisia plans to sell stakes in three state-owned banks this year and cut up to 10,000 jobs in the public sector.These are part  of reforms requested by the International Monetary Fund, the finance minister said.

Six years after its 2011 pro-democracy uprisings, the North African country is still struggling to keep the economy going.

Last June, the IMF released the first tranche of loan of $320 million.

The Country’s finance minister, Lamia Zribi said that the IMFhad  frozen a second tranche worth $350 million scheduled for last December because of lack of progress in structural reforms.

He hinted  that the government was ready to launch a new push on the reforms package in the public sector,  banking, state companies and taxes.


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