Tunisia to increase fuel prices, hold off wages raise: sources

(MENAFN) Tunisia was revealed to be planning an increase on fuel prices within the next days, while putting off raising public wages in order to meet terms of the International Monetary Fund for its next loan tranche.

The Tunisian government is also considering USD1 billion Eurobonds to be sold over the upcoming two weeks, attempting to help fund a budget of which the economic crisis is damaging, according to government official and diplomatic sources.

It comes after the country reached an agreement with IMF in late 2016 for a loan program at a value of USD2.8 billion that aims to revamp its economy.

The government official added "the IMF is demanding that the [fuel price] increase in all 2018 be about 0.500 dinars, but we want the adjustment to be acceptable to curb inflation."


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.