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Tunisia's central bank governor calls for rapid stabilization mechanisms amid global crises
via Business News4 min read
Fethi Zouhaier Nouri, Governor of the Central Bank of Tunisia BCT, has called for rapid stabilization mechanisms to support vulnerable economies, including Tunisia, during the spring meetings of the International Monetary Fund IMF and the World Bank Group in Washington. Nouri highlighted that the global economy is in a state of "permanent and interconnected crises," with uncertainty as the new norm. He noted that despite a shared international diagnosis, the effects of these crises are deeply unequal, disproportionately impacting vulnerable economies through inflationary pressures, strain on foreign exchange reserves, and currency depreciation. Tunisia, having experienced multiple crises, has shown resilience but faces persistent structural fragilities, including high energy price sensitivity and constrained budgetary margins. The IMF's latest analyses confirm Tunisia's vulnerability, with projected limited growth of around 2.1% in 2026 and inflation exceeding 6%. Nouri advocated for a coordinated and more responsive international approach, urging the IMF to enhance its crisis anticipation, prevention, and contagion limitation capabilities. He also emphasized the need for a more equitable international framework, allowing vulnerable economies the necessary time and space to absorb shocks and pursue structural reforms. Tunisia's participation in these meetings aims to secure financing and maintain dialogue with international partners, especially as discussions with the IMF for
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