Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Tunisia in Talks for $1.4b IMF Loan  Join our daily free Newsletter

MENAFN - Qatar News Agency - 27/01/2013

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Qatar News Agency) Tunisia is in talks with the International Monetary Fund (IMF) ahead of a Stand-By Arrangement (SBA) of 2.73 billion Tunisian Dinars (around 1.4 billion) over two years, state news agency TAP quoted Central Bank of Tunisia (BCT) Governor Chedly Ayari as saying.

Speaking Friday on the sidelines of local event, Ayari said indebtedness is the only way to boost the Tunisian economy, "especially that the level of savings in Tunisia is too low." "Tunisia's indebtedness rate which stands at 47 percent of the GDP is manageable," the BCT governor told the press.

He insisted that Tunisia's economy is on the road to recovery, blaming insecurity and the lack of political visibility for the current crisis, according to TAP.

As for foreign currency reserves, Ayari said they now stand at 117 days of import, compared to 90 days three weeks ago.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help