Tunisia is facing a severe economic crisis and is seeking to borrow billions from its central bank to address budget deficits and urgent foreign debts. President Kais Saied is preparing to seek direct financing for the government's budget from the Central Bank of Tunisia, a move that analysts believe could worsen the country's financial difficulties. The government intends to borrow TND 3,000 million from the central bank to repay bond loans issued on the international market in 2017. The average money market rate decreased slightly to 7.98% in January 2024, and the foreign investment in Tunisia rose by 13.5% to TND 2,522.3 million in 2023. The Executive Board of the Central Bank of Tunisia decided to keep its key rate unchanged at 8% to support the deceleration of inflation.
#Tunisia: The Executive Board of the #BCT decided, at its meeting February 2, to keep its key rate unchanged at 8%, considering that its current level "would, all things being equal, support the deceleration of inflation in the upcoming period." https://t.co/yM3sLxggCE https://t.co/DXwrnOuLzO
#Tunisia: foreign investment rose 13.5% to TND 2,522.3 million in 2023, compared with 2022, with investment in manufacturing industries up 13.8% to TND 1,480.3 mln & services attracting investment of TND 418.1 mln against TND 413.4 mln & energy down 4.3%. https://t.co/ppGEVtatPk https://t.co/u6p5juPHj5
💡 Tunisia: Parliament to discuss bill for direct financing from central bank on Feb 6 - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/Y0edjCScGc
#Tunisia: The TND 3,000 million that the gov't intends to contract with the #BCT will not exacerbate inflation, but it will reduce forex reserves by 14 days of imports, which will have an impact on the exchange rate, the BCT governor told @ARPtn committee. https://t.co/aNV9G0bibE https://t.co/6JZtLbeFHG
#Tunisia: The average money market rate #MMR decreased slightly to 7.98% in January 2024, compared to 7.99% in October, November and December 2023, according to data published by the #BCT Thursday. https://t.co/8zQeGfYBss https://t.co/rSaBKUeAq7
Tunisia asks central bank for funds to pay urgent foreign debts- minister https://t.co/YCWmPYxvsz https://t.co/Pp6LoE1D8C
#Tunisia: The gov't is called upon to repay TND 3,000 mln for bond loans issued on international market in February 2017, the finance minister said at @ARPtn committee hearing, adding recourse to the #BCT is intended to finance this debt, due on Feb. 16. https://t.co/SE56pYZql7 https://t.co/FK1shfdvl6
Tunisian President Kais Saied is preparing to seek direct financing for the government’s budget from the Central Bank of Tunisia in a move analysts say could worsen the financial difficulties the country has been experiencing ⤵️ https://t.co/20zjIHMHEM
TUNIS, Tunisia (@AP) — Cash-strapped #Tunisia wants to take the unprecedented step of borrowing billions from its central bank to address budget deficits and bandage its economic crisis.https://t.co/nfrGWEIL79