The European Union decided to grant Tunisia 100 million euros in support of its budget, with the aim of mitigating the effects of the Coronavirus pandemic and the return of economic activity, according to official media sources confirmed on Saturday.
The data of the Central Bank of Tunisia showed that foreign exchange reserves fell to levels equivalent to 100 days of imports, the lowest level in three years.
On Saturday, the Tunisian News Agency said the EU will give Tunisia 100 million euros in budget support, in order to mitigate the effects of the Covid-19 pandemic and the return of economic activity.
The agency added, quoting the Ministry of Economy, that the agreement would be signed on November 14.
The data from the Central Bank of Tunisia published last Wednesday showed that foreign exchange reserves fell to levels equivalent to 100 days of imports, the lowest level in three years.
The central bank noted that the reserve fell to 22.326 billion dinars (6.97 billion dollars) by the ninth of November, which is enough to cover 100 days of imports, compared with 121 days in the same period a year ago.
The aggravation of the trade deficit and the depreciation of the local currency, the dinar, eroded reserves.
Tunisia's trade deficit widened in September 2022 to a record level of 19 billion dinars ($5.93 billion).
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