IMF official says Tunisia has not proposed new loan terms, needs to cut subsidies

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Tunisia has not made new proposals for terms of a long-delayed $1.9 billion International Monetary Fund loan proposal, but should eliminate burdensome and socially unfair subsidies, IMF Middle East and Central Asia director Jihad Azour said on Thursday.

Azour told a news briefing at IMF-World Bank annual meetings in Morocco that such subsidies needed to be changed before the IMF board could approve a preliminary staff-level agreement for

Tunisia.President Volodymyr Zelenskiy said on Thursday Ukrainian troops were holding their ground in the eastern town of Avdiivka, where fighting with Russian forces has intensified this week.

 

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