Feb 28, 2017
Higher risk in Tunisia
The lengthy democratisation process and terrorist attacks on the tourism sector have weakened Tunisia's economy. EKN has downgraded the country from country risk category 4 to 5, a higher risk.
“Tunisia’s government finances and balance of payments have both deteriorated in recent years,” says Victor Carstenius, Country Analyst at EKN. “Both public and foreign debts continue to rise.”
“Aspects in Tunisia’s favour in the longer term are the reforms, such as in taxation, the labour market and anti-corruption, that the country is implementing under the current IMF programme, as well as continuing political democratisation and stabilisation.”
EKN’s outstanding guarantees for exports to Tunisia amount to around SEK 120 million, mainly consisting of exports in the transport and telecommunication sectors.