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Financials and Investment News in Tunisia

Tunisia Central Bank Raises Interest Rates to Fight High Inflation
3/5/2018 - Tunisia’s central bank raised its key interest rate to 5.75 percent from 5.0 percent to tackle inflation that has hit the highest level since 1990. The hike is the first under new central bank gover...
Tunisia Phosphate Production to Resume after Protests End
3/7/2018 - Phosphate production in Tunisia’s Metaloui and Mdhila resumed and shipments restarted after protesters agreed to temporarily end their sit-in over job demands, officials and protesters told .

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Tunisia Central Bank Head Says Talks Over Next IMF Loan Tranche Progressing
3/8/2018 - Tunisia has made progress in talks with the International Monetary Fund over the next tranche in its loan programme and hopes to get a positive assessment later this month, its central bank governor s...
Tunisia Central Bank Unable to Defend Dinar
3/8/2018 - Tunisia’s central bank is unable to defend the dinar with foreign reserves that have fallen to less than 80 days’ worth of imports, the bank’s new governor said .

The current account deficit ...
Tunisia Central Bank Says Average Annual Inflation in 2018 Will Be 7.2 Percent
3/8/2018 - Tunisia central bank expects average annual inflation to hit 7.2 percent this year before falling to between 5 pct and 6 pct in 2019, a central bank official said . In February annual inflation was 7...
Tunisia Must Improve Investment Climate to Help Economy Grow -OECD
3/29/2018 - Tunisia must improve its business climate and cut red tape to attract more investment and create jobs, the Organization for Economic Cooperation and Development (OECD) said .

In its first rep...
Tunisia Seeks To Recover $2.72 Billion Of Bad Loans
4/10/2018 - Tunisia plans to recover 6.5 billion dinars ($2.72 billion) of bad loans in three public banks as part of its banking reforms, the minister of economic reforms told Reuters .

Banking reform w...
Tunisia's Central Bank Holds Key Rate Unchanged At 5.75 Percent
5/16/2018 - Tunisia’s central bank said it kept its key interest rate unchanged at 5.75 percent.

In March, the central bank raised the rate to 5.75 percent from 5.00 percent to tackle the inflation that ...
Tunisia's Central Bank Holds Key Rate Unchanged at 5.75 Percent
5/28/2018 - Tunisia’s central bank said it kept its key interest rate unchanged at 5.75 percent. The decision to keep interest rates on hold comes after the International Monetary Fund pushed for a rise in inte...
Tunisian Central Bank Says Time Is Right to Issue $1 Bln Bonds
5/28/2018 - Tunisia’s central bank said that the time was right to issue a planned Eurobond worth $1 billion to finance the budget and balance of payments deficits.

It also said that it had kept its ke...
Tunisia Committed to Economic Reforms Needed For Loans
5/30/2018 - Tunisia has expressed a firm commitment to making urgent economic reforms needed for it to qualify for another tranche of International Monetary Fund loans, the IMF said .

The Washington-base...
Tunisia Annual Inflation Rate Stood at 7.7 Pct in May
6/7/2018 - Tunisia’s annual inflation held steady in May at 7.7 percent year-on-year, official data showed .

Inflation accelerated from 6.9 percent in January to 7.7 percent in April, its highest level ...
Tunisia's Central Bank Raises Its Key Interest Rate from 5.75 Pct to 6.75 Pct
6/13/2018 - Tunisia’s central bank raised its key interest rate from 5.75 percent to 6.75 percent, the second hike in three month, to tackle inflation that reached the highest level since 1990.
IMF Disburses $250 Mln Loan Tranche to Tunisia
7/7/2018 - The International Monetary Fund on Friday approved the payment of a $250 million tranche, the fourth from Tunisia’s loan programme tied to economic reforms aimed at keeping its deficit under control, ...
Tunisia's Trade Deficit Rises to $3.13 Bln in Jan-June
7/9/2018 - Tunisia’s trade deficit rose 8.8 percent year-on-year in the first six months this year to 8.16 billion Tunisian dinars ($3.13 billion), the state statistics office said .

Exports from Januar...
Tunisia's President Says PM Should Quit If Crisis Continues
7/15/2018 - Tunisia’s president called on Sunday for Prime Minister Youssef Chahed to step down or seek a confidence quote if the country’s political and economic crisis continues, withdrawing his support for the...
Tunisia Expects 2019 Economic Growth to Reach 3.5 Percent
8/29/2018 - Tunisia expects economic growth to accelerate to 3.5 percent next year from the 2.9 percent expected in 2018, driven by a recovery in the tourism industry and growth in the agricultural sector, a mini...
Tunisia Will Not Impose New Taxes in 2019
9/14/2018 - Tunisia will impose no new taxes on individuals and firms under the 2019 budget but will continue to reform a costly subsidies system, Prime Minister Youssef Chahed said .

The country has str...
IMF Disburses $245 Mln Loan Tranche to Tunisia
9/28/2018 - The International Monetary Fund approved the payment of a $245 million loan tranche to Tunisia, the fifth under its loan programme with the North African country.

The loan programme is tied ...
Tunisia Central Bank Holds Key Interest Rate at 6.75 Pct
12/11/2018 - Tunisia’s central bank kept its key interest rate unchanged at 6.75 percent .

Inflation stayed at 7.4 percent in November, its third month in a row at that figure, official data showed. It fe...

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