Skip to Content
AP-National

Tunisia wants to borrow billions from its central bank to address deficits. Experts call that risky

By
Published 12:24 PM

By BOUAZZA BEN BOUAZZA and SAM METZ
Associated Press

TUNIS, Tunisia (AP) — Cash-strapped Tunisia wants to take the unprecedented step of borrowing billions from its central bank to address budget deficits and bandage its economic crisis. Experts warn could bring inflation and lessen faith in institutions. President Kais Saied’s government has asked to borrow the funds after it previously overhauled laws designed to guarantee the bank’s autonomy. It comes as Tunisia finds itself unable to borrow from traditional creditors, including the International Monetary Fund, whose proposed $1.9 billion bailout package remains in limbo.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content