IMF headquarters are pictured in Washington, DC, on May 16, 2011. By Saul Loeb (AFP/File)
WASHINGTON (AFP) – Tunisia is at an “advanced stage” in talks with the International Monetary Fund for a $1.78 billion standby loan to protect the economy from external shocks, the IMF said Monday.
“As stated by the Tunisian authorities, an arrangement with the IMF is being sought only as a precautionary measure to help support the country during the transition period and, if need be, cope with exogenous shocks that could come from the global environment,” the IMF said.