Tunisia Mobilizes Support ahead of IMF Talks

Tunisia is mobilizing support ahead of IMF talks.
Tunisia is mobilizing support ahead of IMF talks.
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Tunisia Mobilizes Support ahead of IMF Talks

Tunisia is mobilizing support ahead of IMF talks.
Tunisia is mobilizing support ahead of IMF talks.

Tunisia is preparing to head to the International Monetary Fund (IMF) in May to persuade the Fund to support its domestic economic reforms programs.

Prime Minister Hichem Mechichi held a series of preparatory meetings ahead of the talks.

Ambassador of the United States in Tunis Donald Blome affirmed during talks with the PM on Thursday his country's support for Tunisia in its negotiations with the IMF to raise necessary financial resources.

Blome added that the US administration is fully ready to support Tunisia's development efforts and ensure the success of the democratic process, the Prime Ministry said in a statement.

The ambassador also welcomed the progress made in the development program led by the Millennium Challenge Corporation in Tunisia, which will provide about $500 million in donations to support the national economy, especially in transportation and agriculture.

Ambassador of the European Union to Tunisia, Marcus Cornaro, on Thursday, expressed the EU's full support to the efforts of the Tunisian government in its national economic reform program.

Speaking during a meeting with Mechichi in Kasbah on Thursday, Cornaro added that the EU has support and cooperation mechanisms that will be made available to the Tunisian government, according to a statement from the Prime Ministry.

He stressed that the EU will be the first to defend Tunisia with member countries through ambitious investment and employment programs.

According to the IMF, Tunisia ended 2020 with an 8.8 percent recession. Tunisia’s current budget has a deficit of TND18.5 billion ($6.7 billion) and is likely to increase, according to preliminary estimates.



Scholz: EU Ready to Respond to US on Trade Tariffs

30 March 2025, Lower Saxony, Hanover: Acting German Chancellor Olaf Scholz speaks at the opening ceremony of the Hannover Messe 2025 industrial trade fair at the Hannover Congress Centrum HCC. Photo: Michael Matthey/dpa
30 March 2025, Lower Saxony, Hanover: Acting German Chancellor Olaf Scholz speaks at the opening ceremony of the Hannover Messe 2025 industrial trade fair at the Hannover Congress Centrum HCC. Photo: Michael Matthey/dpa
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Scholz: EU Ready to Respond to US on Trade Tariffs

30 March 2025, Lower Saxony, Hanover: Acting German Chancellor Olaf Scholz speaks at the opening ceremony of the Hannover Messe 2025 industrial trade fair at the Hannover Congress Centrum HCC. Photo: Michael Matthey/dpa
30 March 2025, Lower Saxony, Hanover: Acting German Chancellor Olaf Scholz speaks at the opening ceremony of the Hannover Messe 2025 industrial trade fair at the Hannover Congress Centrum HCC. Photo: Michael Matthey/dpa

Europe wants to cooperate with the United States but the EU is ready to respond as one if Washington leaves it no choice by imposing tariffs on steel and aluminium, German Chancellor Olaf Scholz said on Sunday.
Speaking at the opening of the Hanover industrial trade fair which this year has Canada as its partner country, Scholz also insisted that Canada is an independent country.
US President Donald Trump has mused about annexing Canada and referred to the country as the 51st US state.
"We stand by your side!" Scholz said, adding: "Canada is not a state that belongs to anyone else. Canada is a proud, independent nation."
Addressing Trump's plans to introduce tariffs, Scholz said his answer to "my country first" policies was more free trade, greater competitiveness and more technological sovereignty.
Scholz argued that Europe was not naive but also not weak, and said trade wars hurt all sides, Reuters reported.
"So I say to the United States: Europe's goal remains cooperation. But if the US leaves us no choice, such as with the tariffs on steel and aluminium, we as the EU will react as one".