Public Management(Ecofin Agency) - The government has repaid Tunisia's debts due in 2023, relying on new domestic loans. However, it struggles to secure external financing in the absence of a definitive agreement with the IMF on a $1.9 billion aid program. Tunisia's debt service is expected to increase by 40% in 2024 compared to 2023, reaching $4 billion amid a drying up of external funding, the Ministry of Finance revealed in a January 22 statement. According to the paper, Tunisia "successfully repaid all its domestic and external debts in 2023, despite significant pressure on public finances", dispelling doubts about the possibility of default. The country struggles to mobilize external financing in the absence of a definitive agreement with the International Monetary Fund (IMF) on a $1.9 billion aid program.

Source: The North Africa Journal January 25, 2024 19:33 UTC