Inflation 3

Chahed and the IMF: how close is too close?

After a four month delay which prompted observers to convey their concerns and suspicions about the International Monetary Fund (IMF) « lending freeze, » Tunisia is set to receive the second installment of its four-year $2.9 billion Extended Fund Facility (EFF) loan. The Tunisian government has agreed to set to work immediately with « delayed structural reforms, » including reducing spending on wages in the public sector and devaluing the national currency.

Tunisia : The Holy Month of Ramadan – Pockets Empty, Dumpsters Full

Ramadan this year began on Sunday, June 29 and articles are rife with discouraging statistics on the inflation and warnings against over-consumption and waste of foodstuffs purchased in over-abundance. With food, water, electricity, and gas prices already on the rise, the expenses associated with the holy month of fasting compound what is an already unbearable economic burden for many Tunisians.