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Sunday 13 June 2021
HomeNewsTunisia: Dimassi warns against any borrowing from international financial market

Tunisia: Dimassi warns against any borrowing from international financial market

In a statement to AfricanManager, economist and former finance minister Houcine Dimassi warned against any borrowing from the international financial market.

“Tunisia should not go out on the international market (…) any borrowing from the international financial market is strongly discouraged for the moment because of its negative image with the IMF and the World Bank,” said Dimassi. “And if by chance it did, the interest rate would be much higher than ever,” he said.

This statement comes following the rise in oil prices on a global scale, a finding that should be reflected negatively on Tunisia which will find itself obliged to go into debt to cover the budget gap knowing that the state budget has been developed at a price of $ 54 a barrel of oil while the price of a barrel of Brent crossed the threshold of $ 70.

Dimassi also said that in light of this increase in the oil barrel price, the economic and financial situation will be further complicated in Tunisia, especially that a rise in all products should occur soon.

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