Italy on Thursday pledged Tunisia a host of investments and help negotiating an International Monetary Fund bailout as the European nation seeks to stem the number of migrants arriving from North Africa.
has seen growing numbers of African migrants arriving from the Libyan border and needs economic help.is experiencing its worst crisis in a generation, with inflation hovering around 11% and food increasingly scarce.
The Tunisian government was negotiating with the International Monetary Fund for a $1.9 billion loan agreement. The country’s budget deficit was aggravated by the COVID-19 pandemic and fallout from Russia’s war in Ukraine.’s political tensions. President Kais Saied has resisted some of the painful reforms the IMF wants in return for the loan agreement. They include shrinking the public administration sector, which is one of the world’s largest and eats up about a third of the state budget.
The IMF also is demanding the gradual lifting of subsidies and the privatization of state-owned enterprises, which implies massive layoffs and a worsening of unemployment.
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