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The Tunisian financial services industry, of which banking is by far the largest component, accounted for 3.7% of the country’s GDP in 2014. Sector activity rose by 3.8% in 2014 and a further 3.3% during the first nine months of 2015 compared to the same period a year earlier. The sector’s trajectory is largely positive, with lending and leasing activity growing rapidly in recent years, but...

One of the most developed and diversified economies in the region, Tunisia has for years attracted praise for relatively prudent management. However, the country has suffered from reduced growth following the 2011 revolution, which in turn has exacerbated a number of structural problems. A pair of terrorist incidents in 2015 further complicated the situation, dampening the performance of the...

The land now known as Tunisia has a rich and distinguished history. It has been ruled over by Berbers, Phoenicians, Romans and Arab dynasties. Modern Tunisia, and the country’s name itself, came into being when the region was a French protectorate in the late nineteenth century. Tunisia gained full independence in 1956. Two presidents, Habib Bourgiba and Zine El Abidine Ben Ali, dominated much...