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Search resuls for: "Angus Mcdowall Tarek Amara"


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☆ Analysis: Dismal election turnout puts Tunisia president's legitimacy under spotlight
  + stars: | 2022-12-18 | by ( Angus Mcdowall Tarek Amara | Angus Mcdowall | Tarek Amara | ) www.reuters.com   time to read: +4 min
Opposition politicians said Tunisia's lowest ever turnout stripped away any facade of democratic legitimacy for Saied's political project and called directly for his ouster. Saturday's dismal turnout strongly reinforced a perception of scant public support for his plans. As a political independent, Saied lacks the nationwide support of a party apparatus that can mobilise on his behalf. "Politics has become a luxury that we cannot afford," said Lamia Gharbi, who was queuing for bread at a Tunis bakery. Successive coalition governments have failed to find a fix for public finances that can satisfy lenders without prompting a domestic backlash.
☆ IMF reaches staff-level agreement with Tunisia for loan programme
  + stars: | 2022-10-15 | by ( Angus Mcdowall Tarek Amara | Angus Mcdowall | Tarek Amara | ) www.reuters.com   time to read: +3 min
The agreement is also seen as critical to unlock bilateral aid from country donors that wanted the reassurance of an IMF programme that Tunisia would carry out reforms to put its finances on a more sustainable footing. "The agreement is an important step for Tunisia's public finances and will allow Tunisia to borrow from some bilateral sources," a senior Tunisian official said on condition of anonymity. It is subject to the approval of the IMF board, which is scheduled to discuss Tunisia's programme request in December, the fund said. The IMF warned that in the near term growth would likely slow with more pressure on inflation and on the external and fiscal balances. The government negotiated for months with the IMF and had to also to sign an agreement with the UGTT to limit public sector wage increases over the next three years.
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