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AP-National

Tunisia wants to borrow billions from its central bank to address deficits. Experts call that risky

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Published 10:24 AM

By BOUAZZA BEN BOUAZZA and SAM METZ
Associated Press

TUNIS, Tunisia (AP) — Cash-strapped Tunisia wants to take the unprecedented step of borrowing billions from its central bank to address budget deficits and bandage its economic crisis. Experts warn could bring inflation and lessen faith in institutions. President Kais Saied’s government has asked to borrow the funds after it previously overhauled laws designed to guarantee the bank’s autonomy. It comes as Tunisia finds itself unable to borrow from traditional creditors, including the International Monetary Fund, whose proposed $1.9 billion bailout package remains in limbo.

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