TUNIS, 24 June 2022, (TON): The head of Tunisias powerful UGTT trade union confederation rejected conditions set by the International Monetary Fund for a new loan to bail out the countrys struggling economy.
Noureddine Taboubi told reporters “we reject the conditions set by the IMF, given Tunisians low salaries, lack of means, rising poverty and unemployment.”
The global lender has called for ambitious reforms to tackle the heavily indebted countrys public finances and reform its state-owned companies.
The IMFs regional chief Jihad Azour said Wednesday that the fund was set to begin formal talks on a new financial aid package in the coming weeks, saying the economic fallout from the Ukraine war made it ever more pressing.
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