Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Tunisia economy at risk - central bank

05 September 2013, 17:31

Tunis - Tunisia's political crisis, triggered in July by the assassination of an opposition MP, is threatening the fundamentals of the country's economy "more than ever", the central bank has warned.

Since the assassination on 25 July of secular MP Mohamed Brahmi, Tunisian politics has been paralysed by a standoff between supporters of moderate Islamist party Ennahda, which heads the coalition government, and the opposition.

"The exacerbation of tensions in the national political arena threatens the security and fundamentals of the national economy more than ever," the bank said on Wednesday evening afer a meeting of its board of directors.

"The board again called on all the stakeholders to multiply their efforts to restore stability in the country, which remains the key factor in reviving economic activity, in consolidating foreign and domestic investment and promoting employment."

A broad coalition of opposition parties are demanding the government's immediate resignation, while Ennahda is insisting on reaching a consensus on key political issues, notably the new constitution, before accepting the formation of a non-partisan administration.

The central bank highlighted the "persistence of risks" for the Tunisian economy, with the crisis heightening uncertainty and visibility in the economic sector.

"This situation is reflected by Tunisia's global competitiveness rating falling from 40th in 2011-2012 to 83rd in 2013-2014, according to the last report from the Davos [World Economic] Forum," it said.

Tunisia's economic problems were driving factors behind the revolution in January 2011.

Last week the government revised down its 2013 growth forecast for the second time, to 3.6 percent, while official statistics showed the Tunisian dinar losing 15 percent of its value against the euro in the first half of the year.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
George Vodongo
China to help Kenya fight high le...

China observed that if left unchecked, corruption could see the country degenerate into lawlessness. Read more...

Submitted by
S Mbinya
Signs that he is seeing someone e...

When a man wants to be with you, he will always create time to be with you. Read more...

Submitted by
George Vodongo
Spat between DP Ruto and Boniface...

A close associate of the DP, Hon Njogu Barua made an alarming comment on live TV Tuesday morning. Read more...

Submitted by
Ben Wangui
Matatu driver who drugged, robbed...

The driver of a Nissan matatu who over the weekend drugged and robbed a female passenger in Nairobi has been charged. Read more...

Submitted by
Gabriel Ngallah
Heavy police contingent deployed ...

More police officers were on Monday deployed at Likoni in Mombasa County in a security operation to nab members of the ‘Wakali Kwanza’ and ‘Mtalia’ criminal gangs who have been terrorizing locals in the area. Read more...

Submitted by
Ben Wangui
Man released on Presidential amne...

He was caught taking money from a church offering bag at Ol Jabet Independent Pentecostal Church in Laikipia West on October 23. Read more...