Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Tunisia president sacks the economy minister over statement about IMF

Tunisia president sacks the economy minister over statement about IMF

TUNISIAN President Kais Saied has sacked Economy Minister Samir Saied after fresh statements that a deal with the International Monetary Fund (IMF) would be vital for obtaining other foreign financing. The president strongly opposes what he described as the dictates of the IMF, saying that the IMF is "not sacred" and its conditions will lead to protests. The minister told TAP state news agency on Tuesday that "lenders are wondering about Tunisia's talks with the IMF." adding that "any deal would give a strong signal to the rest of the financiers." Tunisia last year reached a staff-level deal with the…
Read More
Tunisia cenbank warns of consequences if inflation rockets

Tunisia cenbank warns of consequences if inflation rockets

TUNISIA'S central bank governor warned inflation could spiral out of control if it did not raise interest rates, a day after government criticism of a 75-basis-point increase to 8% last week. Economy Minister Samir Saeed said on Tuesday the hike would have negative repercussions for small and medium companies as the government contends with Tunisia's worst economic crisis. "I understand the central bank's keenness to combat inflation, but I would have preferred that the hike not exceed 25 basis points," he told reporters. But Abassi told a news conference on Wednesday that Tunisia had few tools to fight inflation. "Inflation rates…
Read More