Sovereign Analysis /
Tunisia

Tunisia: Eurobond risks to downside as political standoff delays IMF talks

  • Low growth, lack of opportunities, spiralling Covid cases and rising debt burden cause discontent

  • Political crisis has hampered progress towards IMF deal, which is needed to avoid debt crisis amid high funding needs

  • Upside if programme is secured, but eurobond risks are skewed to downside; we assign Hold recommendation on Tunisia 25s

Tunisia: Eurobond risks to downside as political standoff delays IMF talks
Patrick Curran
Tellimer Research
12 August 2021
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