The Ministry of Economy and Planning and Japanese Toyota Tsusho Corporation, on Sunday, signed a memorandum of understanding at the City of Culture in Tunis, to launch a series of projects in various sectors including renewable energy, health, automotive components and parts industries and raw material industries.
The European Bank for Reconstruction and Development (EBRD) signed a sovereign guaranteed loan for €150.5 million (479.78 million dinars) to Tunisia's Grain Office (French: ODC), to finance imports of soft wheat, durum wheat and barley, representing up to 15 per cent of Tunisia's annual consumption needs, the EBRD said in a statement Wednesday.
The food trade balance posted a deficit of TND1,559.7 million in June 2022, against TND806.9 million during the same period in 2021, i.e. a coverage rate of 66.9% in 2022 against 75.1% in 2021, according to the National Observatory of Agriculture (ONAGRI).
"Fitch Ratings has placed Tunisia's 'CCC' Long-Term Foreign - (FC) and Local-Currency Issuer Default Ratings (IDRs) and debt instruments Under Criteria Observation (UCO) following the conversion of the agency's exposure draft of its Sovereign Rating Criteria into final criteria, says expert in economics and financial markets, Moez Hadidane."
Inflation has continued its upward trend, picking up in May 2022 to 7.8%, from 7.5% in April, 7.2% in March, 7% in February and 6.7% in January, the National Institute of Statistics (INS) announced Sunday.
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