Skip to Content
AP National Business

Italy vows help with IMF in bid to stabilize Tunisia

KTVZ
By
Published 6:39 am

By NICOLE WINFIELD
Associated Press

ROME (AP) — Italy is pledging Tunsia a host of investments and help with negotiating an International Monetary Fund bailout. The Italian government is seeking to stem the number of migrants coming from North Africa. Italian Foreign Minister Antonio Tajani outlined the country’s efforts and pledges during a meeting Thursday with his Tunisian counterpart. The Organization for Economic Cooperation and Development says Tunisia is experiencing its worst crisis in a generation, with inflation hovering around 11% and food is increasingly scarce. The Tunisian government was negotiating with the International Monetary Fund for a $1.9 billion loan agreement to address a budget deficit but the talks stalled last year. The IMF is demanding painful reforms in return.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content