AfricaEconomyWorld

African countries contemplating to join BRICS

The Tunisian president earlier said the cash-strapped nation would reject an IMF bailout

Exclusive News

Tunisia is considering becoming a member of the BRICS economic bloc, the spokesman for the pro-presidential ‘July 25 Movement’ told Russia’s RIA Novosti news agency on Sunday.

Mahmoud bin Mabrouk cited unnamed sources in the North African country’s government as saying the option of joining the organization – comprising Brazil, Russia, India, China and South Africa – is being considered among the other possibilities.

“I have information that Tunisia is seriously considering joining the BRICS group,” bin Mabrouk said.

Earlier this week, Tunisian President Kais Saied spoke out against “foreign diktats” from the International Monetary Fund (IMF), which is in stalled talks over a bailout package for the cash-stripped nation.

The head of state highlighted that the terms of a $2 billion loan deal proposed by the Washington-based organisation would worsen the poverty crisis in the heavily indebted country.

The deal, which was supposed to be approved in December 2022, was postponed after Tunisia failed to meet key commitments. The IMF has pushed the government to remove state subsidies on basic goods, including food and energy, and reduce the public wage bill. This is all according to RT News

Read more

Related posts
Africa

300 African migrants missing off Canary Islands

Three vessels carrying a total of at least 300 people from Senegal have all disappeared, according…
Read more
AfricaBusinessEconomyWorld

Direct flights from Libya to Italy set to resume

The country’s embassy in the North African nation tweeted that Rome had lifted the ban which had…
Read more
WarWorld

The US supply of cluster bombs is an act of desperation, claims Anatoly Antonov

The escalatory move is also an admission of Ukraine’s failure, a senior Russian diplomat has…
Read more

Sign up for Africa Insider’s Daily Digest and get the best of  news, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Netflix on the verge of being broke-RT News

Worth reading...