First Independent Mena Newspaper
Tunisia has adopted the 2022 budget short of around $2.8 billion amid economic hardship that has hit the country also gripped by an unprecedented political crisis, triggered since July 25 after President Kais Saied has seized all major powers. The Tunisian government, Webdo Tunis reports, will present this Tuesday the draft of the financial act […]
U.S Vice-President Kamala Harris Tuesday expressed the US support to Tunisia’s subscription for a loan from the International Monetary Fund (IMF) as it strives to salvage its flatted economy. Harris held a telephone conversation with Tunisia’s leader Kais Saied, the first high level contact between the Biden Administration and the North African country. […]
President Essebsi of Tunisia has decided to extend the State of Emergency in the country by four months effective this Thursday June 15. The decision was made after consultations with the Prime Minister and the Parliament Speaker but details about what led to the extension were not revealed. However, a source at the presidency said […]
The International Monetary Fund has urged countries of the Middle East and North Africa to diversify their economies and implement policies that support jobs and productivity, like education and infrastructure reforms. Growth is slightly improving in this region, largely driven by higher oil prices and improved export prospects, said the IMF in its latest regional […]
The Tunisian economy continues to suffer from major difficulties, including high external and fiscal deficits, increasing debt, while growth is too low to reduce unemployment, says the International Monetary Fund. “Tunisia’s fiscal and external deficits reached record levels. The wage bill has climbed to one of the highest in the world, and public debt further […]
“Algeria continues to face important challenges posed by lower oil prices (…) and growth in the nonhydrocarbon sector slowed under the effects of spending cuts”, says the International Monetary Fund (IMF). Inflation increased from 4.8 pc in 2015 to 6.4 pc in 2016 and stood at 8.1 pc year-on-year in January 2017. As to unemployment, […]
The International Monetary Fund has postponed the second tranche of a loan worth $350 million to Tunisia because of a lack of progress in reforms covering public sector wage bill, the public finances and state banks. The IMF urged the acceleration of reforms for Tunisia to be eligible to receive the second and third tranches […]
The Egyptian government has slammed New York-based Blomberg media and London-based The Economist for their critical reports on the Egyptian economy, which, they said, is doing poorly due to President al-Sisi’s incapacity to drive the country out of the difficult economic situation it has been facing since 2011. Blomberg’s editorialist on Tuesday put the economic […]
The nomination of Youssef Chahed as a new Tunisian Prime Minister by Tunisia’s President Beji Caid Essebsi has stirred controversy and angered opponents who view the nomination as an act of nepotism. The close family ties between the 40-year old Chahed and the President who both belong to the Nidae Tounes party have alarmed smaller […]
Speaking at a youth forum on leadership, President Sisi informed Egyptians that the government will be introducing austerity measures when it finalizes a $12billion three-year loan agreement, probably before the end of the month, with the International Monetary Fund (IMF). For the president, “the problem is whether the public opinion is prepared to accept the […]