Tunisia To Fund Budget Deficit With 1 Billion Euros Bond

Tunisia is preparing to issue Euro-denominated bonds worth some 750 million euros to 1 billion euros. Tunisian government officials have hinted the issuance is necessary to fend off dwindling revenues due to unrest. The bond will cover part of the budget deficit. Tunisia last year went to the international market with a $1 billion bond. An International Monetary Fund team began talks with Tunisia on Thursday over a new credit programme. Read more on Tunisia’s economic recovery plans here.