Tunisia's delegation received “positive and supportive signs” from the International Monetary Fund during talks held at the Davos Economic Forum in Switzerland, Minister of Economy Samir Saied told media on Friday.
Prime Minister Najla Bouden and IMF director Kristalina Georgieva met during the World Economic Forum in the Swiss mountains on Tuesday.
The international lender was still open to a loan but assistance was conditional on the ability of the government to introduce a plan of economic reforms, said Mr Saied.
Tunisia is seeking a bailout loan from the IMF to finance its 2023 budget.
In October 2022, the Tunisian government reached a staff-level agreement with the IMF for a new 48-month Extended Fund Facility worth about $1.9 billion to support the government's economic reform programme. The agreement will require approval from the IMF Executive Board.
However, the government’s reforms have been subject to a lot of criticism at home with the powerful Tunisian General Labour Union saying it focuses too heavily on imposing more austerity with subsidy cuts and taxes hikes.
The Economy Minister continues to insist that the government “only intends to redirect subsidies not entirely remove them".
“The current subsidies’ system is a failure and very costly for public finances,” Mr Saied told reporters.
“I have lots of hopes for the future of Tunisia and I am sure we will accomplish more things that would probably astonish you,” Ms Bouden said during a panel entitled “Achievement of the Century for Africa”.
“The time has come for Africa to rely on itself in facing imported crises such as poverty, climate change, and others,” Ms Bouden said.
Tunisia is undergoing the deepest financial crisis in its modern history and the government is struggling to revive public finances and prevent a growing shortage of essential goods.
The IMF has postponed its meeting to discuss Tunisia’s loan request to an unknown date.
World Economic Forum in Davos — in pictures
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Lawrence Summers, president emeritus and professor at Harvard University, speaks during a panel session on day three of the World Economic Forum's Annual Meeting in Davos, Switzerland. Bloomberg -
Netherlands Prime Minister Mark Rutte and Tanzanian President Samia Hassan during a panel discussion in Davos. AP -
EU Parliament President Roberta Metsola speaks at the forum. AP -
Greek Prime Minister Kyriakos Mitsotakis, left, speaks to CNN journalist Fareed Zakaria at the Congress Centre in Davos. AFP -
Iranian-American journalist and women's rights activist Masih Alinejad takes part in an interview with a TV news channel in Davos. AFP -
Mr Mitsotakis is seen on a TV camera viewfinder at the Congress Centre in Davos. AFP -
Faisal Alibrahim, Saudi Arabia's Economy and Planning Minister, speaks during a panel session in Davos. Bloomberg -
Climate activist Greta Thunberg addresses journalists in Davos. Reuters -
Mary Erdoes, chief executive of JP Morgan Chase's asset wealth management arm, listens during a panel session in Davos. Bloomberg -
Officials take part in the World Economic Forum's Busting Business Barriers session. Photo: World Economic Forum -
Dr Thani Al Zeyoudi, the UAE Minister of State for Foreign Trade, is among the senior officials in Davos. Photo: WEF -
Former US vice president Al Gore, who is also a member of board of trustees of the forum, at a session titled Leading the Charge through Earth's New Normal. Photo: WEF -
Famed cellist Yo-Yo Ma performs at the event. Photo: WEF -
Deemah Al Yahya, secretary general of the Digital Co-operation Organisation in Saudi Arabia, at the forum's Turning Technologies into the Markets of Tomorrow session. Photo: WEF -
US climate change envoy John Kerry at the Keeping the Pace on Climate session. Photo: WEF -
Shoes worn by Rodrigo Oliveira, founder of Brazilian group Green Mining, emphasise support for environmental initiatives. Photo: WEF -
Mina Al-Oraibi, Editor in Chief of The National, moderates a session on the Middle East that featured Prince Faisal bin Farhan, Saudi Arabia's Minister of Foreign Affairs. Photo: WEF -
Officials and delegates take part in the Middle East: Meeting Point or Battleground? session. Photo: WEF -
Polish President Andrzej Duda speaks at the Restoring Security and Peace session. Photo: WEF -
Mr Duda, Nato chief Jens Stoltenberg, Canada's Deputy Prime Minister Chrystia Freeland, Yuliia Svyrydenko, first deputy prime minister in Ukraine, and US Director of National Intelligence Avril Haines attend a session hosted by broadcaster Fareed Zakaria. Photo: WEF -
Olena Zelenska, Ukraine's first lady, watches as Ukrainian President Volodymyr Zelenskyy addresses the forum. Photo: WEF -
Mohamad Al Ississ, Jordan's Minister of Finance, takes part in the session titled The Middle East: Meeting Point or Battleground? Photo: WEF -
Mr Zelenskyy gives a video address to the forum in Davos. AFP -
Former US secretary of state Henry Kissinger appears on screen during the annual meeting of the World Economic Forum, in Davos. AP -
US governors Brian Kemp and JB Pritzker, senators Chris Coons, Joe Manchin and Kyrsten Sinema and representatives Maria Salazar and Mikie Sherrill take part in a panel discussion at Davos. AP -
Saudi Foreign Minister Prince Faisal bin Farhan attends a session in Davos. AFP -
Chinese Vice Premier Liu He on the opening day of the forum. Bloomberg -
Fifa president Gianni Infantino, left, and Patrice Motsepe, billionaire founder of African Rainbow Minerals, arrive at the forum's venue in Davos. EPA -
Finland's Prime Minister Sanna Marin, right, is interviewed by Fareed Zakaria in Davos. AP -
Delegates visit the refreshments area between sessions in Davos. Bloomberg -
Singer Angelique Kidjo performs in Davos. EPA -
From left, WEF founder Klaus Schwab, European Commission President Ursula von der Leyen, Ukrainian first lady Olena Zelenska and Swiss President Alain Berset pose together during the 53rd annual meeting of the forum in Davos. EPA -
Ms Zelenska hit out at Russia and said 'we cannot allow a new Chernobyl to happen'. AFP -
Mr Berset addresses delegates in Davos. EPA -
Ms von der Leyen said the 27-nation bloc would become much more forceful in countering unfair trading practices. Reuters -
Ferdinand Marcos, President of the Philippines, arrives to attend a session in Davos. AP -
Former US vice president Al Gore is expected to discuss decarbonisation, as well as efforts to build clean energy infrastructure and ensure equitable growth. EPA -
From second left, WEF president Borge Brende, Carbon Direct vice chairwoman Nili Gilbert and US climate envoy John Kerry with other delegates in Davos. EPA -
Credit Suisse chairman Axel Lehmann speaks during the 53rd WEF Annual Meeting. EPA -
DP World chief executive Sultan bin Sulayem in Davos. Bloomberg -
UBS chief executive Ralph Hamers speaks during a television interview on the opening day of the forum. Bloomberg -
From left, Hong Kong Exchanges & Clearing Ltd chairwoman Laura Cha, Banco de Portugal Governor Mario Centeno, Bloomberg TV anchor Francine Lacqua, Credit Suisse chairman Axel Lehmann and S&P Global president and chief executive Douglas Peterson during a panel session on the opening day of the forum. Bloomberg -
Mr Kerry delivers a speech at the Congress Centre in Davos. AFP -
Musicians take part in a concert during the official opening of the forum. Photo: WEF -
Jordanian vocalist Farah Siraj, centre, and Egyptian-Australian multi-instrumentalist Joseph Tawadros, left, perform during the I Sea You concert. Photo: WEF -
Tawadros is one of the world's leading oud performers and composers. Photo: WEF -
WEF managing director Alois Zwinggi speaks during a session called 'In Harmony with Nature'. Photo: WEF -
Gail Whiteman, left, a professor of sustainability at the University of Exeter Business School, speaks during the 'In Harmony with Nature' panel discussion. Photo: WEF -
Mr Schwab delivers a speech during the 'Crystal Award' ceremony in Davos. AFP -
Actor Idris Elba, right, and his wife Sabrina Dhowre Elba, left, smile on the podium during the Crystal Award ceremony. AP -
Kyiv Mayor Vitali Klitschko attends the Crystal Award ceremony. EPA -
Singer Renee Fleming, right, receives a Crystal Award from Hilde Schwab, wife of WEF founder Klaus Schwab. AP -
Delegates at the welcome reception before the official start of the forum. Bloomberg -
Food for attendees at the welcome reception. Bloomberg -
A kiosk serving hot chocolate from the UAE at the forum. Bloomberg -
The Infosys pavilion at the forum. Bloomberg -
Ukraine's pavilion in Davos. Reuters -
Swiss police officers on patrol in Davos. Reuters -
From left, German Vice Chancellor Robert Habeck with Swiss ministers Guy Parmelin and Albert Roesti before the start of a bilateral meeting in Davos. EPA -
A delegate passes a digital display in Davos. Bloomberg
