France says it backs ongoing talks between Tunisia and IMF
Reuters
Published May 30, 2023 01:53PM ET
PARIS (Reuters) - France backs the ongoing talks between Tunisia and the International Monetary Fund, the foreign ministry said on Tuesday, as the cash-strapped North African country eyes a key IMF bailout package.
The French government issued a statement after Foreign Minister Catherine Colonna held talks in Paris on Tuesday with Tunisian counterpart Nabil Ammar.
"Madame Colonna reaffirmed France's full support to the economic reforms which will be decided upon by Tunisia to ensure its development and preserve its social model, as well as support in the discussions that are underway with the IMF," the statement said.
France's role is key as Tunisia is an ex-French colony and many leading French companies have a business presence there. Last November, Tunisia signed a $200 million financing pact with France to help support its budget.
In April, Tunisia's bonds fell to record lows amid a renewed political clampdown by President Kais Saied and concerns over his warning that he would not accept any "diktats" on terms for an IMF rescue package.
However, Tunisian bonds recovered earlier this month on subsequent hopes that the country, a former French colony, could secure a stalled $1.9 billion support deal with the IMF.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.