World Bank urges Tunisia to carry out crucial fiscal reforms

Axel Van Trotsenburg, World Bank Managing Director of Operations Wednesday called on Tunisia to carry out crucial fiscal reforms which he claimed will put the North African country on development trajectory.

“These reforms are equally important for the population,” Trotsenburg said in a tweet following a meeting with Tunisia’s Ministers of Planning and Finance. The meeting took place on the sidelines of the World Bank and the International Monetary Fund (IMF) annual meetings held in Washington.

Tunisia is facing daunting economic and financial challenged exacerbated by the ongoing consequences of the Russia-Ukraine crisis. The country, severely affected by the pandemic, is in talks with the IMF for $4 billion loan to supplement its 2022-2023 budget.