Tunisia - The Arab Institute of Business Leaders (French: IACE) said the Central Bank of Tunisia (French: BCT) and Tunisian banks authorised to purchase Tunisian bonds abroad – which are impacted by credit ratings- will help the State generate profits by buying bonds at a low prices and selling them later. Tunisia has bonds worth 22.4 billion yen, or about $168 million, maturing next August, in addition to debts worth €500 million maturing in October 2023. Since early 2023, Tunisian bonds have been showing signs of instability. Tunisia's sovereign bond index issued by Standard & Poor's reached 149.28 in May 2023, that is a 5.97% rise compared to 2022, after reaching its lowest level in February. The government's financing needs will rise to nearly 16% of GDP in 2023 (about $7.7 billion) and 14% of GDP in 2024 ($7.4 billion).

Source: The North Africa Journal June 15, 2023 13:48 UTC