Tunisia pays off all 2023 debt

Tunisia pays off all 2023 debt

Tunisia has repaid all of its 2023 domestic and external debts despite constraints on public finance and difficulties in accessing foreign funding, according to finance minister Sihem Nemsia. It had been feared that the North African country was headed towards a default on its debt repayments. Speaking at the opening of a debate on the […]

Fears of default last year

‘Major challenges’ overcome

$4bn debt to be paid this year

Tunisia has repaid all of its 2023 domestic and external debts despite constraints on public finance and difficulties in accessing foreign funding, according to finance minister Sihem Nemsia.

It had been feared that the North African country was headed towards a default on its debt repayments.

Speaking at the opening of a debate on the ‘2024 Finance Law and new tax provisions’ by the Tunisia Council of Joint Chambers, Nemsia said the balance had been cleared.

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“In 2023, public finances faced major challenges due to a very tense regional and international context and an exacerbation of climate change, leading to a rise in inflation rates and in the prices of staple commodities