The Agency for the Promotion of Foreign Investment in Tunisia (governmental) revealed that the proportion of foreign investments in the country increased by 73 percent on an annual basis, during the first quarter of 2022.
Foreign investments in the first quarter of 2022 amounted to about 596 million dinars (198.6 million dollars), compared to 344.6 million dinars (114.8 million dollars), on an annual basis. Total foreign investments were distributed over 3.3 million dinars ($1.1 million), while direct foreign investments amounted to 592.7 million dinars ($197.5 million).
According to the budget law, Tunisia’s public debt will account for 82.57 percent of GDP in 2022, and the external debt is about 72.9 billion dinars ($24.8 billion), while the internal debt is 41 billion dinars.
Debt service increased by 55 percent compared to 2019, and it increased by 33 percent compared to 2020. Tunisia hopes to reach an agreement with the IMF in return for implementing unpopular reforms, including subsidy cuts and wage freezes, to avoid a collapse of its public finances.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
