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Tunisia not to enter international capital market now
(MENAFN) Tunisian authorities decided to postpone a plan to enter the international capital market, Governor of the Central Bank of Tunisia (BCT) Marouane Abassi announced.
The BCT governor explained that the authorities are not in a hurry, mainly after receiving pledges from the IMF and the World Bank in short-term funding that reaches around USD759 million.
These major financial resources are to help Tunisian foreign exchange reserves and are to provide about 72 days of supply, governor Abassi noted.
Abassi added that for the first time in four years, the country reached 2.5 percent of growth, as the growth drivers changed with local consumption proving no more support.
The BCT governor explained that the authorities are not in a hurry, mainly after receiving pledges from the IMF and the World Bank in short-term funding that reaches around USD759 million.
These major financial resources are to help Tunisian foreign exchange reserves and are to provide about 72 days of supply, governor Abassi noted.
Abassi added that for the first time in four years, the country reached 2.5 percent of growth, as the growth drivers changed with local consumption proving no more support.
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