World Bank to Reinstate Tunisia’s Aid Program Amid Growing Crisis: Report

The World Bank to reinstate Tunisia’s aid program as crisis deepens

Agreement reached for 5 year partnership

Bloomberg reported that the World Bank is moving to reinstate Tunisia’s aid program as the crisis escalates.

The agency said the World Bank group and Tunisia have agreed a new partnership for a period of 5 years, according to Reuters.

Growth rate slows, unemployment rate remains unchanged

Data published by the Tunisian National Institute of Statistics showed that the country’s economy grew by 2.1% during the first quarter of questyear, compared to 2.4% in the same quarter last year.

The institute specified that the unemployment rate reached 16.1%, unchanged compared to the same period of the previous year.

Tunisian Prime Minister assures financial stability despite economic difficulties

Interestingly, Tunisian Prime Minister Naglaa Boudin said in earlier that your country has managed to pay off its external and internal debts and provide an acceptable reserve of foreign exchange, despite the unprecedentedly difficult economic situation the country is experiencing.

During the inauguration of the procession to relaunch Tunisia in on International Labor Day, Boden acknowledged the difficult phase the country is going through, which she said, “it has never encountered such difficulties in its recent history, due to weak economic activity for more than a decade, low negative growth rate of 8.7% and low private investment.” The decline in public investment, the spread of the rent-based economy, corruption and unfair competition.

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