Tunisia pays off $1bn in foreign loans

Tunisia has paid off $1.18bn of foreign loans this month as the country struggles to control its heavy debts.

According to The New Arab on January 30th, the country is expected to pay off $3.14bn of debt in 2025, with a recent study showing that the country’s total public debt stands at a £45.1bn, representing 79.8 percent of GDP.

The Tunisian Observatory of Economy showed that the increasing reliance on public money in recent years had led to a 34.8 percent increase in public debt service between 2021 and 2022.

The New Arab