TUNIS, Jan 17 — Tunisia’s crisis-stricken economy needs “deep reforms” such as slashing its vast public wage bill, the International Monetary Fund’s outgoing country chief has said as the government seeks a new bailout.
That is “quite weak and far from enough” to create jobs to counteract an unemployment rate of 18 per cent, Vacher said. President Kais Saied sacked the government and suspended parliament on July 25 last year, and the government has since asked the IMF for a bailout package — the fourth since the revolution.Vacher said discussions are still at an early stage and that the IMF first wants “to understand what they’re planning in terms of economic reforms”.
Nor does the figure include Tunisia’s hefty public companies, which often hold monopolistic positions across sectors from telecoms to air transport and employ at least 150,000 people at the public expense. The IMF has long called for a restructuring of Tunisia’s system of subsidies on basic goods such as petrol and staple foods, which essentially see more state funds doled out to the biggest consumers — a system Vacher said was unfair.
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