US Secretary of State Anthony Blinken expressed his aspiration for Tunisia to submit a revised reform plan to the International Monetary Fund.
Blinken indicated – in a press conference with his Italian counterpart Antonio Tajani in Washington – that Tunisia needs more aid to avoid an economic collapse.
On Sunday, European Commission President Ursula von der Leyen announced the European Union’s readiness to provide financial support to Tunisia amounting to 900 million euros (980 million dollars) to support and develop the economy.
At the end of 2022, Tunisia had revealed the 2023 budget, at a value of $22.4 billion, with a deficit of about $7.7 billion, which will be covered through internal and external borrowing.
Fitch Ratings expects Tunisia’s GDP growth to slow to 1.4% in 2023, from 2.4% last year.
Tunisia is living in light of a severe economic crisis, exacerbated by the repercussions of the outbreak of the Corona pandemic, and the high cost of importing energy and basic materials following the Ukraine war.