IMF to run Ghana’s Economy? – Checkout
2023 BECE first paper to be written on this date: Check the full timetable
Tunisia’s President Kais Saied gave his clearest rejection yet of the terms of a stalled $1.9 billion International Monetary Fund (IMF) bailout package when he on Thursday said he would not accept “diktats” and suggested that subsidy cuts could lead to unrest.
Tunisia reached a staff-level agreement with the IMF for the loan in September, but it has already missed key commitments and donors believe the state’s finances are increasingly diverging from the figures used to calculate the deal.
Without a loan, Tunisia faces a full-blown balance of payments crisis. Most debt is internal but there are foreign loan repayments due later this year and credit ratings agencies have said Tunisia may default.
When asked whether he would accept the terms of the loan which include cuts to food and energy subsidies and a reduction in the public wage bill Kais Saied told reporters he will not hear ‘diktats’.
Your pocket will always be empty if you do not avoid these 4 habits
