Tunisia-What Tunisia intends to do with the $700 million loan from Afreximbank [Audio]

Speaking to Tunisie Numérique, economist Ezzeddine Saidane recollected that Tunisia has approved a credit agreement of 700 million US dollars with the African Export-Import Bank (Afreximbank).

“This bank normally funds commercial import and export operations. It is accordingly strange to receive credit from this financial institution to cover the expenses of the State” he declared, emphasising that the credit is repayable over 7 years with an interest rate of 5, 76% per year, without taking exchange rate risks into consideration.

“250 million dollars was devoted to the payment of the Qatari credit while the remaining sum was deposited in the public treasury. It is possible that this amount will be devoted to the payment of wages for  April, estimated at 1.7 billion dinars,” adds our source, revealing that this decision reflects the great difficulties of public finances.

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