Tunisia is under the hammer of the IMF between the Corona virus and street congestion

January 24, 2021
 The advice of the International Monetary Fund comes at a time when Tunisia is witnessing a significant increase in the number of cases of the Corona epidemic and an increase in popular protests in the streets, which have resulted in difficulties in securing resources for the 2021 budget. The advice of the International Monetary Fund comes at a time when Tunisia is witnessing a significant increase in the number of cases of the Corona epidemic and an increase in popular protests in the streets, which have resulted in difficulties in securing resources for the 2021 budget.

Dubai United Arab Emirates:- While Tunisia is living through heated events between the Coronavirus pandemic that has escalated and hit many regions, and between demonstrations, acts of violence, sabotage, and a clash with the security forces, the International Monetary Fund has entered the line and demanded Tunisia to develop an economic reform plan and strengthen social protection.

The Financial Commission also called for reducing the number of government employees and reducing subsidies for public companies facing financial difficulties.

The fund called on the Tunisian authorities to direct aid to poor families instead of the price subsidy system for some items, such as bread and fuel, from which everyone now benefits.

The fund expected growth to recover by 3.8 percent in 2021, but warned that this forecast depends on the extent to which the epidemiological situation improves and the speed of vaccination.

He pointed out that "it is necessary to give absolute priority to spending on health and social protection," while calling for "adopting a broad and credible reform plan" to achieve "sustainable, inclusive and inclusive growth in the medium term."

Several public companies, including Tunisian Airlines and the Gafsa Phosphate Company, are suffering from mismanagement, weak investment and high debts. The repercussions of the Corona epidemic have exacerbated the social crisis, especially with the collapse of the revenues of the tourism sector important to the Tunisian economy, and the damage to the unorganized sectors that support many families.

Experts from the Fund had virtually carried out a periodic mission in Tunisia between December 2020 and January 2021, and a four-year support program approved by the fund for the benefit of the country ended in the spring of 2020, and a similar program was not announced.

The Fund considered that the Tunisian authorities' response "in a pre-emptive manner" in the spring allowed the first epidemic wave to be contained, but this led to a contraction of the GDP by 8.2 percent in 2020.

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