The widening of the current account deficit continued (6.5% of GDP in the first ten months of the current year against 6.9% a year earlier) under the effect of the trade deficit despite the improvement the pace of exports and the slowdown of imports.
It resulted in an amplification of the external financing needs and the resort to further drain on foreign exchange reserves. These stood at 11,673 MTD or the equivalent of 107 days of import until November 25, 2013, against 9,486 MTD and 91 days of import on the same date of 2012.
