The economist, Mahmoud Sami Ennabi said during his speech on Express FM radio, that the report of the Bank of America on the financial situation in Tunisia reflects the fear of foreign investors as to the inability of the country to put implementing urgent economic reforms. He added that the rating agency Moody’s has always warned Tunisia, in its ratings, about the issue of the continued structural deterioration of public finances and the persistent imbalance of external balances as well as the issue of institutional weakness. and the ineffectiveness of the executive.
Mahmoud Sami Ennabi continued that the Bank of America’s report on the financial situation in Tunisia focused on the question of how to mobilize resources to cover the state’s budget deficit. In the same context, the guest of the Espresso issue indicated that the only remaining solution consists of internal financing, that is to say the orientation towards the Central Bank through the use of the reserves of hard currency of Tunisia, according to the said report.
Mahmoud Sami Ennabi underlined that the exceptional period currently in Tunisia involves many risks on the economic level, given that it is only a period of political reform, which has negative repercussions on the economy. Tunisian. And to stress that it was necessary to continue the negotiations with the International Monetary Fund started since last May.
The university professor specializing in economics clarified that it is necessary to quickly carry out specific reforms, reform the situation of public enterprises, restructure them and restructure public finances to avoid the Paris Club scenario.
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