Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of...
Since 2010 retail lending has been growing faster than total lending in Tunisia, indicating a change in consumption patterns within the population despite a broader context of slow economic growth. In addition, banks – which continue to dominate the financial system and lending to the economy – have been adjusting their credit risk-control...
Tunisia is working to gradually improve its economic indicators by means of tough yet necessary structural reforms. Although significant strides have been made since 2011, the country continues to face acute macroeconomic imbalances, while coincident reforms have suffered from changing administrations in the years following the revolution,...
Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial...
Tunisia’s rank in the World Bank “Doing Business” index was 88th among 190 economies in 2018, down from 77th in 2017 and 75th in 2016. While substantial barriers to investment remain, due in part to persisting malpractices and the uncertainty since the country’s revolution of 2011, the government is working towards improving key factors such...
The Tunisian dinar is pegged to a weighted basket of currencies, which includes the dollar and yen, but is dominated by the euro. In recent years, however, the government has introduced greater flexibility within the exchange-rate regime, in line with the IMF’s calls to do so. This has led to a significant devaluation of the country’s currency...
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