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Cash-strapped Tunisia wants to take the unprecedented step of borrowing billions from its central bank to address budget deficits and bandage its economic crisis, a step that experts warn could bring inflation and lessen faith in institutions. In an emergency meeting behind closed doors, parliament’s finance committee on Wednesday considered a request from President Kais… ....
Cash-strapped Tunisia wants to take the unprecedented step of borrowing billions from its central bank to address budget deficits and bandage its economic crisis. Experts warn could bring inflation and lessen faith in institutions. President Kais Saied’s government has asked to borrow the funds after it previously overhauled laws designed to guarantee the bank’s autonomy. It comes as Tunisia finds itself unable to borrow from traditional creditors, including the International Monetary Fund, whose proposed $1.9 billion bailout package remains in limbo. ....
Treasury: "Instead of reducing waste, Tunisia chooses to print money to pay debts and deficits" (Moktar Lamari) tanzanianewsreports.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tanzanianewsreports.com Daily Mail and Mail on Sunday newspapers.