Focus TUNISIA Issue dated 29/03/2021

Tunis tries to defuse its debt bomb to avoid going into default

Tunisia, which has been given an official warning by the IMF and had its credit status downgraded by the ratings agencies, is struggling to cope with an external debt which currently stands at close to 100% of its GDP and is weighing heavily on its finances. With just two months to go to the expiry of the IMF's five-year plan for the country, which, in the absence of structural reform, has only yielded half of the funding it was supposed to, the Tunisian government has gone into battle order to try to come up with a solution. We look here at its chances of beating the clock. [...] (1204 words)
Tunisia, which has been given an official warning by the IMF and had its credit status downgraded by the ratings agencies, is struggling to cope with an external debt which currently stands at close to 100% of its GDP and is weighing heavily on its finances. With just two months to go to the expiry of the IMF's five-year plan for the country, which, in the absence of structural reform, has only yielded half of the funding it was supposed to, the Tunisian government has gone into battle order to try to come up with a solution. We look here at its chances of beating the clock. [...] (1204 words)
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