Tunisia

Tunisia central bank maintained its key interest rate at 8%, aiming to support a decline in inflation to sustainable levels as the government negotiates a reform agenda and bailout package with the IMF. Economic challenges continue, with Fitch downgrading the country further into junk status due to political instability and economic inertia. Despite a slowdown in partner nations, exports and tourism continue to drive growth, although mining output fell in early 2023, depriving the economy of significant FX resources.