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As the IMF and Tunisia’s government met in Tunis this week to discuss economic reforms prescribed as part of the fifth review of the country’s $2.9bn IMF program, angry demonstrators took to the streets to demand the government roll back a set of fuel hikes introduced at the beginning of the month. No doubt with one eye on events in neighboring Algeria ( MEES, 12 April ), Tunisia’s politicians risk being caught between the worthy but unpopular demands of the IMF and the jury of the street.
During the IMF’s 27 March – 9 April visit, the government both announced fuel price increases and a two-year in the civil servant retirement age to 62. Unable to conclude their visit with a deal to release the next tranche of cash to Tunis, the IMF said the government still “needs to fully flesh out its policy proposals.” (CONTINUED - 873 WORDS)
DATA INSIDE THIS ARTICLE
|chart||1: Tunisia's Energy Subsidy Spending Is Rises In Line With Global Crude Prices|
|chart||2: Oil Demand ('000 B/D) Has Been Steadily On The Rise, But Tunisia's Ability To Meet It Has Nose-Dived|
|chart||3: Tunisia Is Reliant On Algerian Gas For To Meet Around 66% Of Its Gas Demand|