Tunisia trims 2020 economic growth projection to 1%, seeks new program with IMF



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Tunisia trims 2020 economic growth projection to 1%, seeks new program with IMF

Tunisia, the North African country bordered with the Mediterranean Sea, which has reported a 1.6 per cent economic growth last year, had reduced its economic growth forecast for 2020 to 1 per cent from an earlier projection of 2.7 per cent on Sunday, the 8th of March 2020, as the North African country’s tourism-dependent economy has been facing off a steep slump in context of a serious threat related to the coronavirus outbreak.

Besides, the Tunisia’s newly appointed Prime Minister, Elyes Fakhfakh, was quoted saying shortly after the release of its 2020 growth forecast that the grief-sickened nation had been seeking to launch a new program with the IMF.

In point of fact, latest remark on a new program with IMF came forth as one of its existing financing agreements of $2.8 billion with IMF on conditions of economic reforms would be dried up as early as by April this year.

Meanwhile, without proffering further details on its planned IMF deal, Tunisian PM was quoted saying in an interview with a local Moroccan newspaper on Sunday (March 8th) that the ongoing coronavirus crises would pour away nearly 0.5 per cent of the North African nation’s economic growth rate this year.