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.



French People Need to Work More to Boost Growth, Minister Says

French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
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French People Need to Work More to Boost Growth, Minister Says

French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)

People in France must work more, Finance Minister Antoine Armand said on Monday, adding that the fact that French people worked less than their counterparts in Europe was harming the economy due to lower tax contributions and social security payments.

The government is examining reforms to speed up its sluggish economic growth, although changes to work practices are often opposed by trade unions.

"On average, a French person works clearly less than his neighbors, over the course of a year," Armand told C News TV.

"The consequence of this is fewer social security payments, less money to finance our social models, fewer tax receipts and ultimately fewer jobs and less economic growth."

France, the euro zone's second biggest economy, wants to cut its public deficit to a targeted 5% of GDP by 2025.

The country's 35-hour work week, introduced in 2000, has typically been fiercely defended by trade unions, while reforms to France's pension system have also faced widespread protests.

"Let's all work a bit more, collectively speaking, starting off by making sure that everyone respects the working hours that they have been given, in all sectors," Armand said.