IMF Responds Positively to Tunisia’s Request for Funding Program

International Monetary Fund (IMF) Managing Director Kristalina Georgieva. (Reuters)
International Monetary Fund (IMF) Managing Director Kristalina Georgieva. (Reuters)
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IMF Responds Positively to Tunisia’s Request for Funding Program

International Monetary Fund (IMF) Managing Director Kristalina Georgieva. (Reuters)
International Monetary Fund (IMF) Managing Director Kristalina Georgieva. (Reuters)

Tunisian authorities received a letter from International Monetary Fund (IMF) Managing Director Kristalina Georgieva that included the acknowledgment that Tunis will remain a reliable partner.

Tunisian government sources said that the IMF welcomed the reform package, which was discussed between the government and labor union.

They indicated that the program that the IMF will discuss must guarantee the stability of the Tunisian economy in the near future coupled with sustainable growth.

According to the correspondence, the fund stressed it is fundamental to tackle the problem of sustainability of public finances and debt, implementing ambitious reforms of public companies, salaries of the public administration and energy subsidies. It called for addressing the entrepreneurial climate, stability of the financial sector and financial inclusion, social protection and governance.

Tunisian economist, Mohsen Hassan believes the IMF would react positively to the government's demand to finance its economic program, which will not be affected by the political and economic crisis.

He stressed the possibility of agreeing on a new economic program that would enable the mobilization of the necessary financial resources to protect the country from bankruptcy and chaos.

On Sunday, the IMF stated that Tunisia formally requested a new financing program, lauding the efforts of the government’s talks with the Tunisian General Labor Union (UGTT) on subsidies, taxes and state institutions.

Georgieva said she would assign a delegation to conduct technical talks as soon as she receives more information about the reform program.

Tunisia’s economic program addresses six main issues: liberalization of the economy and an improvement of the entrepreneurial climate, improvement of the fiscal system, reform of the public function, the transformation of public companies and a program of investments to revive the economy.

Tunisia reported a budget deficit of TD18.5 billion, according to preliminary estimates, however, a number of economists believe it will increase to 21.5 billion this year.



Netanyahu Says Israel Is Establishing a New Security Corridor across Gaza

An internally displaced Palestinian walks at the site of a UN clinic following an Israeli airstrike, in the Jabalia refugee camp, northern Gaza Strip, 02 April 2025. (EPA)
An internally displaced Palestinian walks at the site of a UN clinic following an Israeli airstrike, in the Jabalia refugee camp, northern Gaza Strip, 02 April 2025. (EPA)
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Netanyahu Says Israel Is Establishing a New Security Corridor across Gaza

An internally displaced Palestinian walks at the site of a UN clinic following an Israeli airstrike, in the Jabalia refugee camp, northern Gaza Strip, 02 April 2025. (EPA)
An internally displaced Palestinian walks at the site of a UN clinic following an Israeli airstrike, in the Jabalia refugee camp, northern Gaza Strip, 02 April 2025. (EPA)

Prime Minister Benjamin Netanyahu says Israel is establishing a new security corridor across the Gaza Strip.

In a statement on Wednesday, he described it as the Morag corridor, using the name of a Jewish settlement that once stood between Rafah and Khan Younis, suggesting it would run between the two southern cities.

His comments came as Palestinian officials at hospitals inside Gaza said Israeli strikes overnight and into Wednesday had killed more than 40 people, nearly a dozen of them children.

The Israeli government has long maintained a buffer zone just inside Gaza along its security fence and has greatly expanded since the war against Hamas began in 2023. Israel says the buffer zone is needed for its security, while Palestinians view it as a land grab that further shrinks the narrow coastal territory, home to around 2 million people.