Day: May 28, 2018

In its study entitled “Financial Development and Inclusion in Egypt, Jordan, Morocco and Tunisia”, the Euro-Mediterranean Network for Economic Studies (EMNES) analyses a financial system that is frequently under-developed and fails to provide sufficient lending to SMEs and households. “Financial institutions and markets need to be well developed in order to contribute to sustainable and inclusive economic growth”. In its latest study, the Euro-Mediterranean Network for Economic Studies (EMNES) takes an in-depth look at financial systems and their involvement in sustainable economic growth in Egypt, Jordan, Morocco and Tunisia. “The financial…

Fitch Ratings, on Sunday, said it has revised the Outlook on Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to negative from stable and affirmed the IDR at ‘B+’. Fitch ratings said “Tunisia’s rating is weighed down by high and growing public and external debt, reflecting wide twin deficits, subdued economic growth and sluggish reform momentum against a background of social and political tensions.” The revision of the Outlook to Negative reflects increased pressures on external finances and the high uncertainty surrounding the government’s capacity to advance the required policies to…

The Central Bank of Tunisia  said on Monday that it is time to issue bonds worth $1 billion to finance the budget and balance of payments deficits. The bond issue had been previously announced and was originally expected in March. The Board considered that the economic situation requires this exit on the international market, to meet funding requirements especially with the pressures on the foreign exchange reserves on the one hand and on the liquidity in the domestic financial market, on the other hand”. In a statement issued by the…