Last month, we said that restructuring was inevitable for Tunisia without an IMF programme to unlock fresh financing and backstop its difficult reform agenda (see here for a comprehensive analysis). Sky News Arabia reported that three men were being ...

Danger is still present which allowed the exceptional measures to continue - Saied.

The 10th anniversary of Tunisia’s democratic transition (14 January 2021) was marked by the start of violent protests across the country, with many youths expressing outrage at the lack of economic opportunities and spiralling Covid cases that have p...

Over halfway through the year we take stock of sovereign bond defaults so far, as an update to our sovereign defaults in 2020 piece published in December (see here). Alternatively, if we include episodes of consent solicitation to defer payments, we ...

Democracy is failing again in Tunisia. Ennahda leader and Parliament Speaker, Rashid Ghannouchi. Tunisia equities are very illiquid, with average daily value traded of merely US$1.1mn, and fell merely 0.7% (at the time of writing) on 26 July. However...