IMF official says Tunisia has not proposed new loan terms, needs to cut subsidies
MARRAKECH, Morocco, Oct 12 (Reuters) - Tunisia has not made new proposals for terms of a long-delayed $1.9 billion International Monetary Fund loan proposal, but should eliminate burdensome and socially unfair subsidies, IMF Middle East and Central Asia director Jihad Azour said on Thursday.
Azour told a news briefing at IMF-World Bank annual meetings in Morocco that such subsidies needed to be changed before the IMF board could approve a preliminary staff-level agreement for Tunisia.
The country has been waiting for more than a year for the programme's approval. (Reporting by David Lawder; Editing by Andrew Cawthorne)
