Tunisia’s government appears to be gearing up to secure a new IMF deal and, while fiscal consolidation will be among the Fund’s key conditions, it will prove difficult to implement. Elsewhere, the UAE’s second COVID-19 virus wave has resulted in travel restrictions being reimposed, which will dent the recovery. But the rapid vaccine rollout means that it should prove to be short-lived. And finally, Saudi officials unveiled their latest mega project, “The Line”, this week which has reinforced our concerns that policymakers’ attention is being diverted away from the reforms that are needed to improve the Kingdom’s long-term economic prospects.
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