ECONOMY

Sat 08 Apr 2023 1:27 pm - Jerusalem Time

Tunisia's external debt services increased by 23% in the past three months

Official statistical data published by the Central Bank of Tunisia showed that Tunisia's external debt services increased by 23% over the past three months.


The value of these services, according to data from the Central Bank of Tunisia, amounted to 2.4 billion dinars ($784.313 million).


The Central Bank of Tunisia did not specify in its statements the total volume of Tunisia’s external debt, noting that the latest data in this regard was published by the Tunisian Ministry of Finance on March 16, in which it indicated that the volume of those debts amounted to 66.5 billion dinars ($21.732 billion) at the end of last December.


Multilateral cooperation such as the World Bank Group, the International Monetary Fund and other donor banks account for 60.3% of Tunisia's total foreign debt, followed by the other financial market by 21.3%, and bilateral cooperation by 18.4%.


In addition, the Central Bank of Tunisia revealed in its statement that Tunisia's foreign exchange reserves amounted today (Friday) to 22.1 billion dinars ($7.222 billion), which covers the country's imports for a period of 95 days.


On the other hand, the statistical data of the Central Bank of Tunisia showed that the revenues of the Tunisian tourism sector recorded during the past three months, an increase of 64% compared to the results recorded during the same period last year.


The value of these revenues, according to the data of the Central Bank of Tunisia, amounted to about one billion dinars (326.79 million dollars).


This rise reflects the beginning of the recovery of the Tunisian tourism sector after the crises it was exposed to during the years following the overthrow of the regime of the late former President Zine El Abidine Ben Ali on January 14, 2011.


Before 2010, the Tunisian tourism sector contributed about 14% of the country's gross domestic product, and is a major source of foreign exchange in the country.


However, after 2010, he experienced a crisis described as the most difficult, as he was greatly affected by the political crisis in the country, as well as by the Corona virus pandemic.


The Tunisian authorities look forward to the "tourism development strategy for the horizon 2035", which was approved by the current government headed by Naglaa Boudin, to contribute to the revival of this sector again so that it can regain its role in the economic process.

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Tunisia's external debt services increased by 23% in the past three months

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