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.



Indonesia, Qatar to Create $4 Bln Joint Fund Investing in Indonesia 

A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 
A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 
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Indonesia, Qatar to Create $4 Bln Joint Fund Investing in Indonesia 

A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 
A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 

Sovereign wealth fund Danantara Indonesia said it will form a $4 billion joint fund with the Qatar Investment Authority that will focus on investment in Southeast Asia's largest economy.

The fund will focus on projects in downstream industries, or industries that process Indonesian commodities, as well as renewables and health facilities and other relevant sectors, such as technology, Danantara said in a statement on Tuesday.

Indonesia and Qatar will each commit $2 billion to the fund, it said.