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Olive Oil Windfall Becomes Lifeline for Tunisia With IMF on Hold

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May 16, 2024
in Finance
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(Bloomberg) — Tunisia, which has ghosted the International Monetary Fund and feuded with Europe over aid for its languishing economy, has turned olive oil exports into a money spinner to help keep default fears at bay.

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Cultivated in Tunisia for millennia, olive groves dotting the North African country’s plains have emerged as a financial backstop during a global production squeeze caused by back-to-back droughts in…



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