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Friday 24 September 2021
HomeNewsTunisia: external debt, a strong burden for future generations, says IMF

Tunisia: external debt, a strong burden for future generations, says IMF

The International Monetary Fund (IMF), on Wednesday, published its report at the end of a visit to by its team to Tunisia from March 27 to April 9, 2019.

It emerges from this report that considerable imbalances continue to hinder Tunisia’s growth and employment potential.

According to the IMF, Tunisia’s economic growth remains too dependent on consumption, while investment and exports remain insufficiently dynamic.

Moreover, the IMF has indicated that Tunisia’s growing external debts are leading to large financing needs and represent a heavy burden for future generations.”

At the end of September 2018, Tunisia’s gross external debt increased by 12% compared to its end-2017 level and by 37.7% compared to the end of 2016.

As at 30 September 2018, the external debt of Tunisia amounted to 93 billion dinars.

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