Hopes fade for IMF bailout of Tunisia ...Saudi Arabia

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Hopes fade for IMF bailout of Tunisia
Hopes faded on Friday for a stalled $1.9 billion IMF bailout package for Tunisia after President Kais Saied said he would not comply with “diktats” and that the required subsidy cuts could cause unrest. Tunisia reached an agreement with the IMF for the loan in September, but it has already missed key commitments, and donors believe its finances are increasingly diverging from the figures used to calculate the deal. Without a loan, Tunisia faces economic meltdown. Foreign loan repayments are due this year, and credit ratings agencies have said the country may default.

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