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Chahed-Lipton meeting in Washington: IMF to continue supporting Tunisia

Published the:  11/07/2017

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(TAP correspondent/Hassène khiari) – The President of the Government Youssef Chahed said Tuesday in Washington that Deputy Managing Director of the International Monetary Fund (IMF), David Lipton assured that his institution will continue to support Tunisia.

In a joint statement with the IMF official following a meeting held at the headquarters of the financial institution in Washington, Youssef Chahed said he had agreed with his interlocutor to continue implementing the agreement of June 12, 2017 in Tunis, providing notably for the payment of the second tranche of the loan granted to Tunisia, amounting to 314.4 million dollars (787 million dinars).

In this connection, Chahed has expressed Tunisia’s readiness to respect all its commitments despite the difficulties it faces.

"We are facing major economic challenges, but also security challenges that have a definite impact on the state budget," said Chahed.

He added that, despite all these difficulties, the economic recovery indicators are positive and strong. However, he emphasised, important pressures persist on public finances.

The next step will be "strengthening public finances and creating a climate conducive to investment," said Youssef Chahed.

For his part, the Deputy Managing Director of the IMF said that he was "very pleased to support Tunisia".

"Our meeting was an occasion to discuss the achievements made by Tunisia so far," he said, adding that he also discussed with Youssef Chahed the challenges that remain to reach the stage of emerging growth, promote macroeconomic stability, identify ways to mitigate budget and current account deficits, and improve the investment climate for better growth.

Tunisia, he went on saying, must be "very proud" to be part of the "Pact with Africa" launched by the G20 and considered as a sign of confidence in the country. He added that he was impressed by Tunisia's presentation to the G20, noting that the various meetings over the last few months have been "extremely important" so as to encourage investors from all over the world to come to Tunisia and discover the potential available.

The meeting was also an "excellent opportunity" for the IMF to take a closer look at the situation in Tunisia. "We hope for continued cooperation and wish to be able to play a very useful role because Tunisia keeps developing its economy," he concluded.