Browsing: Tunisia Tourism Industry

Tunisia, one of Africa’s top exotic tourists’ destinations fate is hanging in the balance, due to the novel coronavirus (COVID-19) pandemic threatening the sector, as more than $1.4 billion and 400,000 jobs are at stake.

According to information from Reuters, an official document showed Tunisia seeking a loan guarantee from bilateral partners to issue sovereign bonds this year.

Further, Reuters highlighted that, in a letter sent to the International Monetary Fund (IMF), Tunisia’s central bank governor and finance minister said the country’s economy would shrink by up to 4.3 per cent, the steepest drop since the nation’s independence in 1956.

The IMF, which approved on Friday a $745 million loan to Tunisia to counter the consequences of the coronavirus, said a new funding programme with Tunisia could start in the second half of this year.

Hence, the size of the new programme remains unknown.

Earlier this year, the Tunisian Minister …