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Sunday 20 June 2021
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Tunisian Central Bank raises concern about economy

The Tunisian Central Bank has warned against the danger of continued pressure on the internal and external financial situation of the country and their negative impact on growth and job creation in the coming years.

In a communiqué issued on Saturday, the Bank said the present situation demanded that everybody worked for the political and security stability in the country.

It called for urgent measures to manage the external and general financial deficits as well as the rise in prices.

The Central Bank also called for an acceleration of structural reforms regarding the financial and investment sectors as per a medium term development plan that would give a clear vision to economic operators and foreign partners.

The warning comes two days after the reduction by Moody’s credit rating of Tunisia to “Ba3” with negative perspectives.

The Tunisian Union of Industry and Commerce (TUIC) said this was a negative sign that showed a continuous deterioration of the economy.

In a communiqué, the Union said the reduction of Moody’s credit rating would tarnish the image of Tunisia in the world, particularly at the level of international financial organisations.

TUIC called for urgent measures to halt the negative impact of the categorisation by Moody’s.

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