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Tunisia plans to raise $ 3 billion in international financial market in 2018

Tunisia plans to borrow from the international financial markets, next year, to get a minimum of 7.4 billion dinars, or about $ 3 billion, reports the London-Based Asharq al-Awsat.

This is to fill the projected budget deficit that would reach 4.9 per cent of GDP in 2018 against 6.1 per cent in 2017.

Tunisia also plans to issue financial bonds worth 1.4 billion (566 $ million) in global markets in the coming period.

The Tunisian government is also seeking a USD 500 million guarantee from the United States, knowing that the US had guaranteed Tunisia $ 1 billion in loans since 2011.

According to economists quoted by the same source, the Tunisian economy needs at least 12.9 billion dinars, the equivalent of 5.2 billion dollars in 2018 distributed between 7.4 billion DT in foreign funds and 5.5 billion DT to be raised on the domestic market


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