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FINANCIAL NEWS
Qatar, Tunisia negotiate possible CB deposit
23 May 2013
(MENAFN) Tunisia’s Prime Minister, Ali Larayedh, stated that the government is currently negotiating a Qatari deposit in the North African country’s central bank, reported Arabian Business.
Larayedh said that officials from Qatar are also planning to increase investments in Tunisia, which reached a USD1.75-billion loan agreement with the International Monetary Fund (IMF) in April to lessen the country’s financial burdens.
According to some official sources, the deposit value could reach nearly USD1 billion.
Tunisia, which posted an economic growth rate of 2.7 percent in the first quarter, is suffering from increasing inflation, a large external deficit and an uncertain political outlook.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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