Tunisian President Kais Saied on Saturday suggested raising taxes on richer people could be an alternative to socially painful reforms as a means to secure an international financial rescue package. Tunisia's government negotiated a preliminary agreement in October with the International Monetary Fund (IMF) for a $1.9 billion loan in return for cuts to subsidies and the public sector wage bill and reform of state-owned companies. Credit ratings agencies have warned that Tunisia faces a possible default on sovereign debt without the loan, which is also expected to unlock more bilateral financing. The IMF has said Tunisia needs to put its finances on a more sustainable
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