Tunisia Government Commits to Selling State-Owned Tobacco Plant

Nov.03.2022

Tunisia promises to sell a state tobacco factory as part of a preliminary agreement with the IMF.

According to Reuters, the Tunisian government has pledged to sell a state-owned tobacco factory to the International Monetary Fund.

This commitment is part of a preliminary agreement reached with the International Monetary Fund aimed at providing a range of rescue plans worth $1.9 billion in exchange for unpopular reforms, including the reduction of food and energy subsidies, and the reform of public companies.

Leaders of the UGTT union in Tunisia have stated that the organization will strongly oppose this action.

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