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COVID-19 repercussions may cost Tunisia 1.76 bln USD


FILE PHOTO: Empty sunbeds on a beach near the Hasdrubal Hotel in Hammamet, Tunisia , March 12, 2020. The pandemic has severely impacted the country’s crucial tourism sector. REUTERS/Zoubeir Souissi/File Photo

The repercussions of the coronavirus pandemic could cost Tunisia over 1.76 billion U.S. dollars, Tunisian Finance Minister Mohamed Nizar Yaiche said on Thursday.

In a video posted on the ministry’s Facebook page, Yaiche stressed that Tunisia’s public finances are currently facing a very delicate situation. The public deficit will exceed 3 percent of the country’s GDP.

In order to get out of the crisis, Yaiche put the priority to implementing “an economic rescue plan aiming at achieving the country’s economic recovery.”

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“To do so, it will be necessary to improve the business and investment climate in Tunisia, and particularly, the political scene,” he concluded.

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