External debt: Tunisia pays its heaviest installments in 2024

In 2024, Tunisia is facing a substantial public debt repayment plan. The country intends to settle the principal and interest on the external debt of several loans and financing mechanisms, amounting to 12.3 billion dinars. This marks a significant increase of 40.6% compared to the probable figures for 2023.

Two maturities of this debt significantly contribute to the repayment schedule. The first is a Eurobond contracted in 2017 for 850 million euros (2.9 billion dinars), maturing in February, and the second is a loan bond on the Japanese market of 50 billion yen with a guarantee (1.0 billion dinars), with the settlement deadline set for October 2024.

The overall repayment for these two maturities is estimated at the equivalent of 3.9 billion dinars, taking into account the current exchange rates of the Euro and the Japanese Yen.

Tunisia is also obligated to repay other substantial credits, including four tranches of loans from the International Monetary Fund (IMF) worth 360 million dollars under the Rapid Financing Instrument, ten tranches of credits granted by the same institution to Tunisia for 256 million dollars under the Extended Credit Mechanism instrument, and a maturity of 105 million dollars to Afreximban.