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HomeNewsTunisia: net foreign assets drop to 95 days of imports

Tunisia: net foreign assets drop to 95 days of imports

The Executive Board of the Central Bank of Tunisia, which met on May 28, 2014, noted the continued expansion of the current account deficit in the first four months of the year, reaching 3.8% of GDP against 2.6% during the same period of 2013, due to the ongoing deterioration of the external trade deficit, especially following the increase in the deficit of food and energy balance (about 40% of the overall deficit with contribution of about 77% to the increase in the deficit).

This situation , combined with the contraction of the flow of foreign direct investment, despite the drawdown of external loans, resulted , according to the BCT, to lower net foreign assets which fell to about 10,615 MTD or the equivalent of 95 days of imports, dated May 27, against 11,602 MTD and 106 days of imports at the end of 2013 .

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