The African country found a solution to avoid the IMF

The North African country of Tunisia found a way to escape the IMF. The president of Tunisia says that the richest people should be taxed to avoid the IMF.

President Qais Saeed of the International Monetary Fund (IMF). "In order to avoid “foreign rule”, it has proposed to tax the wealthiest citizens of the country.

Despite reaching an agreement in principle on a nearly $2 billion bailout package last October, talks with the IMF have been stalled for months over demands to restructure public enterprises and end subsidies on basic goods. .

During a meeting with Prime Minister Najla Boden, President Qais Saeed proposed the idea of ​​”taking more money from the rich to give to the poor” citing a quote attributed to the second Caliph of Islam, Umar Ibn al-Khattab.

Qais Saeed said that instead of removing subsidies in the name of rationalization, it would be possible to impose additional taxes on those who benefit from them. He believes that such an approach will mean that the country will not have to succumb to foreign debt.

Tunisia’s finance minister, Siham Nemesseh, warned that the failure to repay debts "It will lead to bankruptcy of the state.

Tunisia’s parliament has announced it has approved a deal for the country to secure a half-billion-dollar loan from the African Export-Import Bank.

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