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BCT Governor: Tunisia needs funds in billions

Published the:  18/04/2011

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April 18, 2011 - TAP - "Tunisia needs funds in billions for the years 2011-2012", Governor of the Central Bank of Tunisia (BCT) Mustapha Kamel Nabli said on Friday at a news briefing in Washington.
Tunisia is not in talks with the International Monetary Fund (IMF) for financing, Mr. Nabli said, pointing out that "such international financial institutions like the World Bank and the African Development Bank are bringing significant support to our country".
Asked on his forecasts for 2012, the Governor of BCT said "after the current year, we will step into a more stable political situation. We then expect our country's economy will get growth". He added: "Tunisia needs to see a better mix in terms of grants and lending because this transition is very costly".
IMF had sent technical teams to Tunisia, early April 2011, to assess the country's economic outlook.
The World Bank is in talks with Tunisia to lend it 500 million dollars for budget support.
This loan could generate additional funds of nearly 700 million dollars from other donors.