Tunisia to Sell State Tobacco Factory

The government of Tunisia has promised the International Monetary Fund (IMF) to sell a state tobacco factory, reports Reuters.

The pledge is part of a preliminary deal with the IMF for a $1.9 billion rescue package in exchange for unpopular reforms, including reducing food and energy subsidies, and reforming public firms.

The leader of Tunisia’s powerful UGTT union said his organization would strongly oppose the move.