Day: March 25, 2024

Maritime forces Thwarts Dozens of Illegal Sea Crossings, Rescues Almost 1,200

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Tunisian maritime forces conducted a major operation Satoruday off the eastern coast, rescuing 1,178 undocumented immigrants and preventing 28 illegal sea crossings to Italy, the Tunisian National Guard reported. The action took place near Sfax province, where the guards intercepted multiple vessels carrying primarily immigrants from sub-Saharan Africa, alongside 18 Tunisians. The operation also led to the recovery of two bodies. In addition to the rescue efforts, authorities confiscated 15 boats and detained nine suspects. The future of the rescued immigrants is currently under consideration, following discussions with the public…

EU pledges major funding for Tunisian security forces

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The European Union (EU) has announced its intention to allocate up to 164.5 million euros (around $177.74 million) to Tunisia’s security forces over a three-year period, reports the Financial Times. Citing sources familiar with the matter, the newspaper reveals that Brussels had previously pledged 105 million euros in funding to Tunisia, specifically earmarked for initiatives to reduce immigration. However, a significant proportion of this promised funding has still not been distributed, despite the agreement having been signed last year. The Financial Times highlighted the EU’s intention to step up its…

Tunisia: Moody’s upgrades outlook from negative to stable

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Rating agency Moody’s maintained Tunisia’s long-term foreign and local currency rating at “Caa2”, while improving theoutlook from negative to stable. Moody’s attributes the decision to a significant reduction in the current account deficit compared to historical levels and the agency’s previous forecasts. In its foreword, the agency highlights that the Central Bank of Tunisia, thanks to a new law approved by Parliament, is now “responsible for payments on all government bonds”, underlining that “these debt instruments are issued on behalf of the government”. In this regard, Moody’s underlines that the use…