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Tunisia’s IMF deal: still more work to do

The news that Tunisia has reached a staff-level agreement with the IMF over a $1.9bn financing package provides hope that the economy will avoid a messy balance of payments crisis. But there are still hurdles to overcome to seal the deal. And even with the IMF on board, the next few years will be painful for Tunisia’s economy, and a sovereign debt restructuring remains on the table.

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