The International Monetary Fund and Tunisia have begun negotiations on a loan program to help the country cope with a possible “deterioration” in the global economy, a senior official of the Fund said.
Negotiations are ongoing, “but the requested loan amount is not yet known,” Masood Ahmed, IMF director for the Middle East and North Africa, told reporters.
Initiated at the request of the authorities, talks concern a loan that would help the country “meet the current challenges” and “to provide a cushion of protection” in case of deterioration of the international situation, he added.
After experiencing the recession in 2011, when the regime of President Ben Ali was ousted, Tunisia expects a return to growth this year, but still faces significant challenges related to the political transition and the impact of the crisis in the euro zone.
In August, the IMF had indicated that Tunisia was facing “urgent” economic and social challenges and said it was ready to help the country.