Skip to main content

Tunisia says it paid all its 2023 internal and foreign debts

1 min

Tunisia has succeeded in repaying all its 2023 domestic and external debts.

Tunisia will pay $4 billion of foreign debts in 2024 © Mena Today 

Tunisia has succeeded in repaying all its 2023 domestic and external debts despite huge pressure on public finance, Finance Minister Sihem Boughdiri said on Monday, dispelling doubts about the possibility of a default.

Tunisia will pay $4 billion of foreign debts in 2024, an increase of 40% compared with 2023, an official document showed amid a scarcity of external financing for the North African country that is struggling to fix its ailing public finances.

Economists say Tunisia relied heavily on new internal loans to pay off its external debts, which significantly reduced liquidity and contributed to reducing banks' financing of the economy.

They believe that the situation will very difficult this year amid the rise in foreign debt and the difficulty of repeatedly resorting to the internal loans.

The government expects the accumulated public debt in 2024 to reach about 140 billion dinars ($45.17 billion),or about 79.8% of GDP, up from 127 billion dinars.

($1 = 3.0995 Tunisian dinars)

Reporting by Tarek Amara

Related

Algeria

Algeria appoint Petkovic as coach

Algeria have appointed former Switzerland manager Vladimir Petkovic to coach their national team, the Algeria Football Association said on Thursday.

Tunisia

Shared history, shared destiny: France-Tunisia friendship

French Prime Minister Gabriel Attal expressed on Thursday, during a lunch meeting with his Tunisian counterpart Ahmed Achani, his desire for the "unique" relationship between France and Tunisia to "overcome all challenges."

Subscribe to our newsletter

Mena banner 4

To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.

  • Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.