Minister of Investment and International Cooperation, Yassine Brahim, told MosaiqueFm Tuesday, the external debt ratio of Tunisia has increased significantly in the recent four years. From 38% of GDP in 2011, it made a leap up to 52% or even 53% in 2016.
Yassine Brahim added that it is imperative to stabilize the country’s debt ratio to 60% of GDP at least during the implementation of the five-year plan 2016-2020.
Indeed, it is this figure that is considered by most experts as the critical level of Tunisia’s external indebtedness. But the same experts also agree that the most worrying is that Tunisia borrows at light speed to support consumption, instead of assigning these jackpots to investment and wealth creation.