Tunisia Govt, UGTT Union Sign Deal on Economic Reforms

Tunisia's Prime Minister Hichem Mehcichi. (AFP file photo)
Tunisia's Prime Minister Hichem Mehcichi. (AFP file photo)
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Tunisia Govt, UGTT Union Sign Deal on Economic Reforms

Tunisia's Prime Minister Hichem Mehcichi. (AFP file photo)
Tunisia's Prime Minister Hichem Mehcichi. (AFP file photo)

Tunisia's government and the powerful UGTT labor union signed an economic reform package on Wednesday that tackles subsidies, taxes and state firms, Prime Minister Hichem Mehcichi said.

The deal, which comes as Tunisia grapples with unprecedented financial problems, could open the way for an agreement with the International Monetary Fund.

"It is a historic agreement on important battles in our country," Mechichi said.

The agreement includes a plan to start reforms for seven state companies, including Tunisair and the STEG Electricity Company.

Details of the reforms plan will be unveiled later.

The IMF urged Tunisia to cut its wage bill and limit energy subsidies to reduce a fiscal deficit, putting more pressure on the government amid a severe financial and political crisis.

"A very good step that shows that we are the ones who choose our reforms and agree on them without anyone dictating them to Tunisia," Finance Minister Ali Kooli told Reuters.

Kooli said that a Tunisian delegation would start discussions with the IMF over a financing program in two weeks, adding that reaching a deal with IMF would improve Tunisia's credibility and allow it to mobilize foreign loans.

Tunisia’s 2021 budget forecasts borrowing needs of $7.2 billion, including about $5 billion in foreign loans. It puts debt repayments due this year at 16 billion dinars ($5.75 billion), up from 11 billion dinars in 2020.



Israeli Strikes Kill 47 People in Eastern Lebanon

Rescuers evacuate bodies of victims from the site of an Israeli airstrike that targeted a house in the eastern Lebanese city of Baalbek on November 14, 2024. (Photo by Nidal SOLH / AFP)
Rescuers evacuate bodies of victims from the site of an Israeli airstrike that targeted a house in the eastern Lebanese city of Baalbek on November 14, 2024. (Photo by Nidal SOLH / AFP)
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Israeli Strikes Kill 47 People in Eastern Lebanon

Rescuers evacuate bodies of victims from the site of an Israeli airstrike that targeted a house in the eastern Lebanese city of Baalbek on November 14, 2024. (Photo by Nidal SOLH / AFP)
Rescuers evacuate bodies of victims from the site of an Israeli airstrike that targeted a house in the eastern Lebanese city of Baalbek on November 14, 2024. (Photo by Nidal SOLH / AFP)

Israeli strikes killed at least 47 people in eastern Lebanon on Thursday, a Lebanese official said.

Bachir Khodr, governor of Lebanon's Baalbek-Hermel province, said at least 47 were killed and 22 wounded in Israeli strikes in the Baalbek region.

Posting on X, he said rescue operations were underway.

Israeli attacks have killed at least 3,583 people and wounded 15,244 in Lebanon since October 2023, with 25 fatalities reported on Wednesday, the Lebanese health ministry said on Thursday.