Tunisia economy at risk - central bank

2013-09-05 16:19
AFP

AFP

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

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 more on:    tunisia  |  north africa
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
SPONSORED CONTENT
When is a mountain more than just a mountain? 2014-12-18 07:26

When it’s an adventure! A group of Old Mutual employees found out how much is enough courage, endurance and camaraderie to take on Africa's highest peak.

/News
 

Joburg hot spots for cocktails, craft beer, tapas and wine!

It’s the season to be jolly – so we’ve rounded up some new Joburg hot spots!

 
 

I love summer.24

Christmas lingerie to make this festive season the best one ever!
13 things you might not know about Disneyland
The craziest deaths of 2014
How to make this a sensual, sexy summer!

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

2DAYS ONLY – 30% off Appliances

Coffee makers, blenders, fans, juicers and more. T&Cs apply. Shop now!

2 DAYS ONLY – 40% off books

Get 40% off when you buy 2 books. For two days only! T&Cs apply. Buy now!

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There is so much going on around you and inside your head. You may want to take your ideas to the next level. Romance may be...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

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.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








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.