Tunisia’s Kais Saied Balks at IMF Bailout - New Lines Magazine
The consequences of a default would be catastrophic. The country’s 2023 budget, which the Bouden administration passed, only balances on the assumption of the IMF deal going through. Budget allocations for everything from health care to education to sanitation would dry up. Foreign currency reserves, already low, would disappear; without them the government cannot buy subsidized goods or pay public salaries.