Tunisia pays off external debt worth 9989.9 million dinars

Tunisia pays off external debt worth 9989.9 million dinars

The total value of debt installments is estimated according to the Finance Law for the year 2024 at approximately 12.315 million dinars, according to the latest financial and monetary indicators issued by the Central Bank of Tunisia.

The data confirms that Tunisia has paid 81.1 percent of the value of its external debt, noting that international credit rating agencies have, on this basis, revised their future outlook for the national economy from negative to stable.

During the first half of this year, Tunisia was able to pay interest on external debt amounting to 1,127.5 million dinars.

The value of the installments paid as principal amounted to 2,812.6 million dinars, according to the latest indicators published by the Ministry of Finance regarding the follow-up of the implementation of the state budget for the first half of this year.

The payment operations were completed without any delay or noticeable impact on the foreign exchange reserve, which is currently estimated at about 25,197.9 million dinars, equivalent to 114 days of supply, i.e. at the same level as the previous year.

It is noteworthy that Moody’s credit rating agency had expected, in a report it recently published, withdrawals from foreign currency savings to pay off external loan installments, while continuing to provide import coverage for at least 3 months by the end of 2024.

The agency expected financial assistance from Tunisia’s partners to continue, both bilaterally and multilaterally, even without an IMF program.

Source: Tunisian media

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2024-08-28 13:39:07

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