Tunisia Plans to Join BRICS Bloc, Rejects IMF “Dictates” for Loans

Date:

Tunisia announced its intention to join the BRICS bloc of emerging economies, including Brazil, Russia, India, China, and South Africa, according to Mahmoud bin Mabrouk, spokesman for the pro-presidential July 25 Movement and advocate for Tunisian President Kais Saied. Bin Mabrouk emphasized Tunisia’s refusal to accept external interference in its internal affairs and rejected the International Monetary Fund’s directives regarding a proposed $1.9 billion loan to Tunisia.

Thank you for reading this post, don't forget to subscribe!

Describing BRICS as a viable political, economic, and financial alternative, Bin Mabrouk highlighted the potential for major economic gains and positive social impacts for Tunisia upon joining the group. Tunisia’s interest in BRICS follows its agreement to participate in China’s “Belt and Road” initiative in 2018.

Bin Mabrouk further noted that Tunisia’s decision to join BRICS aligns with Algeria’s recent announcement of its intention to join the group next year. This move signifies Tunisia’s strategic positioning within the global economic landscape and its pursuit of alternative partnerships amid shifting geopolitical dynamics.

By Naija247news
By Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Senate receives Tinubu’s proclamation letter on state of emergency

19, March 2025 PRESIDENT Bola Tinubu has written the Senate...

Reps pass Tinubu’s state of emergency rule in Rivers

19, March 2025 The House of Representatives on Thursday passed...

Nigeria ranks 105 as Finland tops global happiness index again

19, March 2025 Nigeria secured the 105th spot out of...

CJN didn’t order Nnamdi Kanu’s release – NJC

19, March 2025 The National Judicial Council, NJC, has debunked...