Standard Chartered expects Cairo to receive a $6 billion loan, while Tunis is hoping for up to $4 billion.
The International Monetary Fund (IMF) announced, on September 19, an “imminent completion” of the negotiations it is conducting with Egypt and Tunisia on new financing programs intended to support the economies of these two African countries. of the North who bear the brunt of the consequences of the Russian-Ukrainian conflict.
“Negotiations with Egypt and Tunisia on financial assistance programs are making steady progress, and will be completed very soon,” IMF Middle East and Central Asia director Jihad Azour (pictured) said. quoted by Asharq Business news site.
“These discussions with Egypt and Tunisia relate to new programs which will be carried out in parallel with economic reforms”, he added without specifying the amounts of the loans which will be served to the two countries.
The British bank Standard Chartered had estimated, in an analysis published Thursday, September 15, that the most populous country in the Arab world should receive a loan of 6 billion dollars from the IMF to restore the budgetary balances of its balance of payment and face to higher food and fuel import bills.
Tunisian government spokesman Nasreddine Nsibi, meanwhile, said Tunis hopes to secure a $4 billion loan from the multilateral financial institution by the end of next October.