Tunisia is grappling with economic challenges and significant government debt. Canada-based academic Moktar Lamari commented on Tunisia's decision to print money to pay its debts and deficits, a move seen as an alternative to reducing the size of the civil service and cutting waste. Tunisian President Kais Saied is preparing to seek direct financing for the government’s budget from the Central Bank of Tunisia (BCT). This includes a proposal to manage urgent foreign debts and finance a TND 3,000 million debt due on February 16, incurred from bond loans issued in February 2017. The finance minister informed the ARPtn committee that this measure is intended to finance the debt, while the BCT governor indicated that it will reduce forex reserves by 14 days of imports and impact the exchange rate. The parliament is set to discuss a bill for direct financing from the central bank on February 6.
💡 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 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
VIDEO: While Tunisians face economic hardships and their government is mired in debt, medical tourism has thrived and authorities are looking to expand the profitable sector even further 🎥 🇹🇳 ➡️ https://t.co/kyqZ6k7qrn https://t.co/aJp5hBk9y8
#Tunisia "is opting to print money to pay its debts & deficits instead of reducing size of civil service & cutting waste," #Canada-based academic Moktar Lamari commented in reaction to the bill referred to @ARPtn, authorising #BCT to finance the Treasury. https://t.co/wkJQi1Zygv https://t.co/jxYl5sLzhi
VIDEO: While Tunisians face economic hardships and their government is mired in debt, medical tourism has thrived and authorities are looking to expand the profitable sector even further. https://t.co/CIaUTP8Dn5
While Tunisians face economic hardships and their government is mired in debt, medical #tourism has thrived and authorities are looking to expand the profitable sector even further. #Tunisia #Healthcare https://t.co/ddn3YPDaiC