Connect with us

Popular World News

Tunisia’s govt says it will implement all deals reached with union By Reuters

Israel, UAE sign tax treaty to boost economic cooperation By Reuters

ECONOMIC NEWS

Tunisia’s govt says it will implement all deals reached with union By Reuters

© Reuters. The head of UGTT union, Noureddine Taboubi, speaks during a joint news conference with Minister of Employment Nasreddine Nsibi in Tunis, Tunisia November 15, 2021. REUTERS/Jihed Abidellaoui

TUNIS (Reuters) – Tunisian employment minister Nassreddine Nsibi said on Monday that the government is committed to implementing any deals it reaches with the country’s powerful UGTT union, such as on the minimum wage – even as the country faces a financial crisis. Tunisia last week resumed talks with the International Monetary Fund on a loan package predicated on Tunis imposing painful and unpopular steps aimed at liberalising the economy. International donors have also raised the need for broad support within Tunisia for reforms to help tackle corruption and waste, meaning the government is likely to need the backing of the UGTT, which represents 1 million workers and wields huge political clout, to secure an IMF deal. On Monday, Prime Minister Najla Bouden and the government met with Noureddine Taboubi, the head of the UGTT, and other union officials to discuss the situation. “There is an agreement that the government will implement previous agreements, including on the minimum wage. We will announce the details soon,” Nsibi told a news conference at the governmental palace. Taboubi said that the first meeting with the government was positive and that agreements will be issued later. The government last year approved a plan to raise the wages of about 700,000 employees in the public sector in addition to raising the national minimum wage.
The IMF has urged Tunisia to slash subsidies and its bloated public sector wage bill, however, as well as privatise loss-making state-owned enterprises. Adding to the government’s problems, the UGTT last week rejected the idea of cutting subsidies, a stance that will complicate its efforts to reach a deal with the IMF.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

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

More in ECONOMIC NEWS

To Top
error: Content is protected !!
Top