Desperate for cash and an economy in tatters, Tunisia's president turns to Gulf countries for money as he rolls back the country's democratic achievements
Tunisia’s Central Bank is in advanced talks with Saudi Arabia and the United Arab Emirates to obtain financial resources, a senior banker said on Saturday.
The statement was given by Abdel Karim Lassoud, the bank’s general director of finance and external payments, to the local Shams FM radio, without giving any further details.Lassoud said it is important for the North African country to reach an agreement with the International Monetary Fund in order “to introduce important reforms to the Tunisian economy."
Tunisia is currently negotiating with the IMF to obtain a $4 billion loan but the negotiations were suspended due to political instability in the country.
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