Tunis in talks with Qatar over central bank deposit

Tunisia's PM says discussions ongoing over deposit by Gulf state; reportedly worth $1bn

Tunisia is in talks with Qatar over a deposit in Tunis' central bank "with easy conditions" Prime Minister Ali Larayedh said on Thursday.

"Qatari officials have shown their willingness to support us," he told a news conference.

He did not give details on the amount being discussed but some officials sources have said it could be around $1bn.

Larayedh, who travelled to Doha last week, said Qatari officials had said they were "ready to boost investments in Tunisia."

Last month, the International Monetary Fund said it had reached a $1.75bn loan deal with Tunisia to ease the country's financial problems since a revolution that topped the former regime two years ago.

The North African country is struggling with rising inflation, a big external deficit and an uncertain political outlook.

The February assassination of opposition politician Chokri Belaid ignited the worst street violence since the revolution. Elections expected towards the end of this year will create fresh uncertainty.

Larayedh said economic growth in the first quarter of this year was 2.7 percent.

Last month, the Qatari government agreed to provide an additional $3bn of aid to Egypt.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Trump's Saudi embrace, Iran disdain upend Obama's vision

Trump's Saudi embrace, Iran disdain upend Obama's vision

Analysts say Trump's actions mark a stark departure from the...

Saudi shake-up strengthens king's powerful son

Saudi shake-up strengthens king's powerful son

Royal decrees saw a number of allies of Deputy Crown Prince Mohammed...

1
A natural move: How Dubai Chamber is strengthening its ties in Latin America

A natural move: How Dubai Chamber is strengthening its ties in Latin America

With vast resources and more than half-a-billion people, the...

Most Discussed
sponsoredTracking