Tunisia Sets up Crisis Cell for Thomas Cook Fallout

Passengers are seen at Thomas Cook check-in points at Enfidha-Hammamet International Airport, Tunisia. (Reuters)
Passengers are seen at Thomas Cook check-in points at Enfidha-Hammamet International Airport, Tunisia. (Reuters)
TT
20

Tunisia Sets up Crisis Cell for Thomas Cook Fallout

Passengers are seen at Thomas Cook check-in points at Enfidha-Hammamet International Airport, Tunisia. (Reuters)
Passengers are seen at Thomas Cook check-in points at Enfidha-Hammamet International Airport, Tunisia. (Reuters)

Tunisia has set up a crisis cell to deal with the fallout of British tour operator Thomas Cook's collapse on Monday, which has left around 4,500 mostly British tourists stranded in the North African country, officials said.

Tunisian authorities said officials and tourism industry representatives from both countries were to meet on Tuesday with Tunisia's central bank.

Thomas Cook, which had suspended trips to Tunisia after deadly jihadist attacks in 2015, returned in force last year and in 2019 with around 100,000 bookings a year, mostly from Britons.

"We currently have about 4,500 British tourists in the hotels who will finish their stay as scheduled, and their repatriation will be paid for" by London, Tourism Minister Rene said on Mosaique FM radio.

According to his ministry, a British compensation fund is being prepared to also pay unpaid debts to Tunisian hoteliers, which local media have estimated at $65 million.

Managers of a hotel in the coastal resort of Hammamet briefly delayed the departure of a group of tourists until they could verify that payments owed by Thomas Cook had been made, an interior ministry spokesman told AFP.

The resort managers requested additional payments even though the group had already paid the costs of their stay in full, one tourist said.

"After an hour they left the hotel and are currently at the airport," said the government spokesman.

"There are other Thomas Cook groups in Hammamet, Sousse, Mahdia and Djerba -- all payment procedures have been settled."

Monday's bankruptcy, which followed a lengthy period of financial turmoil after a disastrous 2007 merger deal, left a total of some 600,000 tourists stranded worldwide, according to Thomas Cook.

The British government launched emergency plans to fly some 150,000 UK holidaymakers back home.



World Bank, IAEA to Cooperate on Nuclear Power Development, Safety

International Atomic Energy Agency (IAEA) Director General Rafael Grossi arrives for a meeting with French President Emmanuel Macron at the Elysee Palace in Paris, France, June 25, 2025. REUTERS/Gonzalo Fuentes
International Atomic Energy Agency (IAEA) Director General Rafael Grossi arrives for a meeting with French President Emmanuel Macron at the Elysee Palace in Paris, France, June 25, 2025. REUTERS/Gonzalo Fuentes
TT
20

World Bank, IAEA to Cooperate on Nuclear Power Development, Safety

International Atomic Energy Agency (IAEA) Director General Rafael Grossi arrives for a meeting with French President Emmanuel Macron at the Elysee Palace in Paris, France, June 25, 2025. REUTERS/Gonzalo Fuentes
International Atomic Energy Agency (IAEA) Director General Rafael Grossi arrives for a meeting with French President Emmanuel Macron at the Elysee Palace in Paris, France, June 25, 2025. REUTERS/Gonzalo Fuentes

The World Bank and the United Nations nuclear watchdog on Thursday launched a new agreement to cooperate on the safe development and financing of nuclear power for developing countries, including extending the life of existing reactors.

World Bank President Ajay Banga and International Atomic Energy Agency Director General Rafael Grossi were due to sign the memorandum of understanding in Paris that is part of the bank's return to nuclear energy financing.

According to Reuters, he IAEA and the World Bank said in a statement that they agreed to work together to build knowledge in the nuclear field, including expanding the World Bank Group's understanding of nuclear safety, security, energy planning, and waste management.

The institutions also said they would work together to extend the lifespan of existing nuclear power plants as a cost-effective source of low-carbon power and accelerate the development of small modular reactors, saying that they have potential for widespread adoption in developing countries.

In prepared remarks, Banga said that reliable baseload power provided by nuclear energy was essential for job-generating sectors such as infrastructure, agribusiness, health care, tourism and manufacturing.

"Jobs need electricity. So do factories, hospitals, schools, and water systems. And as demand surges — with AI and development alike — we must help countries deliver reliable, affordable power," Banga said.

"That's why we're embracing nuclear energy as part of the solution — and re-embracing it as part of the mix the World Bank Group can offer developing countries to achieve their ambitions."

Grossi said that the "landmark" agreement was "a sign of the world's return to realism on nuclear power" and would open the door for other multilateral development banks and private investors to consider nuclear power as a viable tool for energy security.

He called the partnership a "crucial first step" to clearing the financing path for small modular reactor technology, which has the potential to cleanly power developing economies.