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Tunisia: balance of payments deficit widens to 8.3% of GDP

The Executive Board of the Central Bank of Tunisia (BCT) reported in a statement released Thursday, December 30, 2014, continuing pressures on the balance of payments, with a current account deficit falling to 8.3% of GDP at the end of 2013 (against 8.2% a year earlier), knowing that the trade deficit was up 1.5% from one year to another, despite the slowdown in the pace of external trade.

According to the BCT, net foreign assets ended the year 2013 at 11,602 MTD or the equivalent of 106 days of imports, against 12,576 MTD and 119 days of imports at the end of 2012.

These assets reached 11.230 MTD or 102 days of imports as of January 28, 2014, a level which is acceptable given the difficulties relating to the export sector, on the one hand, and the mobilization of external resources, on the other.

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