The Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) on Wednesday welcomed the progress of negotiations between Tunisia and the International Monetary Fund (IMF), calling on the government to promptly undertake socio-economic and financial structural reforms.
«Discussions on a new Extended Fund Facility (EFF) to support the authorities' economic policies and reforms have been productive, the International Monetary Fund (IMF) said.
"Fitch Ratings has placed Tunisia's 'CCC' Long-Term Foreign - (FC) and Local-Currency Issuer Default Ratings (IDRs) and debt instruments Under Criteria Observation (UCO) following the conversion of the agency's exposure draft of its Sovereign Rating Criteria into final criteria, says expert in economics and financial markets, Moez Hadidane."
Inflation has continued its upward trend, picking up in May 2022 to 7.8%, from 7.5% in April, 7.2% in March, 7% in February and 6.7% in January, the National Institute of Statistics (INS) announced Sunday.
The Tunisian government is seeking, as part of its reform programme, to achieve self-sufficiency in durum wheat by increasing the profitability of national crops and reducing imports.