Tunisia Gears Up for IMF Talks

Tunisian authorities are gearing up for talks with the International Monetary Fund. Reuters
Tunisian authorities are gearing up for talks with the International Monetary Fund. Reuters
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Tunisia Gears Up for IMF Talks

Tunisian authorities are gearing up for talks with the International Monetary Fund. Reuters
Tunisian authorities are gearing up for talks with the International Monetary Fund. Reuters

Tunisian authorities are gearing up for talks with the International Monetary Fund that is set to hold a series of virtual meetings with the government in Tunis from Monday.

“I can confirm that there would be an IMF mission February 14th to 22nd,” IMF spokesman Gerry Rice said at a press briefing when asked about the meeting.

“I can confirm the status of that mission would be virtual and where we are on Tunisia is the Tunisian authorities in the latter part of last year sent a letter to the IMF requesting a new fund supported program,” he said.

“So, over the past several months, IMF staff and the Tunisian authorities have held technical discussions, focusing on the immediate economic challenges, the country’s priorities and the reforms to be implemented in order to overcome the crisis in the country,” he added.

As part of the new negotiations, the IMF staff mission is expected to hold virtual meetings with the Ministers of Finance and of Economy and Planning, the Governor of the Central Bank of Tunisia and other ministers whose departments are concerned by the reforms to be implemented, the Tunisian news agency (TAP), reported.

This virtual visit was announced a few days after the regular meeting of the Central Bank's executive board, during which the members expressed concern about the delay in raising the external resources needed to finance the state budget, it said.



Saudi Arabia Records Significant Increase in Potato Production

Saudi Arabia Records Significant Increase in Potato Production
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Saudi Arabia Records Significant Increase in Potato Production

Saudi Arabia Records Significant Increase in Potato Production

The Saudi Ministry of Environment, Water and Agriculture announced a remarkable 47% increase in potato production in 2023, achieving a self-sufficiency rate of 86% with over 621,750 tons of potatoes produced compared to 423,770 tons in 2021.

This milestone was achieved after more than 17,000 hectares of land were cultivated with potatoes in 2023, up from 15,890 hectares in 2021. The potato production surge has positively impacted the manufacturing sector, stimulating investment and the use of advanced technologies.

According to the Ministry, overall vegetable production in 2023 reached 3.21 million tons, marking a 19% rise from 2020.

The significant improvement in agricultural productivity and its SAR109 billion contribution to the GDP are attributed to the Ministry's strategic initiatives focused on boosting self-sufficiency, attracting investments, and providing financial support, including increased financing rates for modern technology-based projects.

By prioritizing local production and reducing reliance on imports, the ministry aims to achieve the goals outlined in Saudi Vision 2030 and diversifying the national economy.