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Tunisia’s largest union attacked the government’s handling of negotiations with the IMF on a loan to bail. Tunisia is facing a massive debt burden and is seeking a bailout package worth close to US$2 billion from the International Monetary Fund
Tunisia’s largest union attacked the government’s handling of negotiations with the IMF on a loan to bail. Tunisia is facing a massive debt burden and is seeking a bailout package worth close to US$2 billion from the International Monetary Fund. The loan can come only with conditions to reform and restructure the economy, particularly by assigning a greater role to the private sector.
As Noureddine Taboubi of the Tunisian General Labour Union (UGTT) was giving his May Day speech in the capital Tunis, protesters in the country’s second city Sfax denounced the loan, terming it as IMF “diktats. The talks with the IMF have been stalled for months over President Saied not committing to restructure public bodies and lift subsidies on basic goods.
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Taboubi said the IMF’s conditions for granting the bailout would impoverish the Tunisian people. Late last month the UGTT said there were major differences between Saied and the government led by Prime Minister Najla Gouden which, the union claimed, was engaged in secret negotiation with the world lending body.
