Olive Tree Day decreed by UNESCO thanks to Tunisia and Lebanon

At its 206th session on April 16, 2019, the Executive Board of UNESCO adopted resolution 206/EX41 declaring November 26 as World Olive Tree Day. This resolution was introduced by the delegations of Lebanon and Tunisia to UNESCO, demonstrating the age of this tree, which is said to date back about 11,000 years. The Olive tree is the symbol of strength, fertility, wealth, peace,… but also an agent in the fight against global warming, pollution, desertification and erosion. Adopted unanimously after having been sponsored by 47 States, the resolution will be…

Tunisia reaches an agreement with IMF on fifth review of loan

The International Monetary Fund (IMF) said on Wednesday it had reached a staff-level agreement with Tunisia on the fifth review of a loan. The agreement will allow Tunisia to benefit from a disbursement of $247 million following the Executive Board’s review that is expected to take place by early June this year. Tunisia concluded a deal with the IMF in December 2016 for a loan program worth around $2.8 billion to overhaul its ailing economy. It included steps to cut chronic deficits and heal public services. “This will bring total…