Economic crisis affects social and political chaos in Tunisia

The President of Tunisia, Kais Saied, announced that he will remake Tunisian politics in 2022 with a new constitution and parliament. However, the threat of national bankruptcy may ruin his plans.

Tunisia reportedly requires an international rescue package to prevent a disastrous collapse in public finances, with some state salaries delayed in January. Tunisia faces mounting public debt, inflation, 18 per cent unemployment, and halted negotiations with the International Monetary Fund (IMF).

However, the finance minister of Tunisia said on Wednesday that public sector salaries were not at risk. Reportedly, delays in paying workers raised fears about state finances. The finance minister said that Tunisia hopes to seal a funding agreement with the IMF in April 2022. He also said state sector wages were “not under threat in the coming months.”

Talks between the IMF and Tunisia over a rescue package on economic reforms were halted in July when President Kais Saied sacked the government and suspended parliament. Earlier, Saied also laid out a roadmap for drafting a new constitution before elections.

Related Posts

Reportedly, donors want the president to embrace a more inclusive political process to ensure Tunisia’s young democracy survives. Kais Saied’s sacking of the government and freezing parliament last July was not welcomed by citizens and opposition parties. At that time, opposition parties were protesting against the suspension of parliament by President Kais Saied.

His decision to suspend the parliament has sparked large demonstrations both for and against him.

Severe political crisis in Tunisia

The country has been suffering a severe political crisis since 25 July, when Saied suspended parliament, issued laws by presidential decrees, and appointed a new government. Reportedly, political parties and civil society groups continue to reject Kais Saied’s “monopoly of power” in the country. They demand their right to decide the country’s future amid a worsening socio-economic situation.

Desk Writer

Human stories, politics, diplomatic developments, climate and daily updates – all are assured to be at your access as we strive to bring the best news to you.

Recent Posts

UAE Climbs Global Ranks in Tourism and Quality of Life

The United Arab Emirates still stands out on the global platform, posting outstanding positions in the tourism development and human… Read More

December 18, 2024

Breaking News: Massive Multi-Vehicle Crash Closes Lake Pontchartrain Causeway Bridge

The longest bridge in the United States ‘Lake Pontchartrain Causeway Bridge’ was temporarily shut down after a massive 40-50 vehicle… Read More

December 18, 2024

USC WR Zachariah Branch Enters Transfer Portal with Brother Zion

USC star wide receiver Zachariah Branch is entering the transfer portal after two seasons with the Trojans, and he’s not… Read More

December 17, 2024

New York Jets Eye Mike Vrabel for Head Coach Role: A Game-Changer?

The New York Jets is searching for the new general manager, recently news has gone viral that the Jets are… Read More

December 17, 2024

Jake Paul vs Nate Diaz: From Boxing Ring to MMA Cage?

The rivalry between Jake Paul and Nate Diaz has reignited as the two fighters exchange challenges over a potential MMA… Read More

December 17, 2024

From Tesla to SpaceX: How Elon Musk Built a $500 Billion Empire

According to the Bloomberg Billionaires Index, the CEO of Tesla Elon Musk reached to a new net worth of $500… Read More

December 17, 2024

This website uses cookies.

Read More