COVID-19 repercussions may cost Tunisia 1.76 bln USD

A general view shows an empty street in Sidi Bou Said, an attractive tourist destination, as the country extended the lockdown by two weeks to contain the spread of the coronavirus disease (COVID-19) in Tunis, Tunisia April 1, 2020. REUTERS/Zoubeir Souissi
FILE PHOTO: Empty sunbeds on a beach near the Hasdrubal Hotel in Hammamet, Tunisia , March 12, 2020. The pandemic has severely impacted the country’s crucial tourism sector. REUTERS/Zoubeir Souissi/File Photo

The repercussions of the coronavirus pandemic could cost Tunisia over 1.76 billion U.S. dollars, Tunisian Finance Minister Mohamed Nizar Yaiche said on Thursday.

In a video posted on the ministry’s Facebook page, Yaiche stressed that Tunisia’s public finances are currently facing a very delicate situation. The public deficit will exceed 3 percent of the country’s GDP.

In order to get out of the crisis, Yaiche put the priority to implementing “an economic rescue plan aiming at achieving the country’s economic recovery.”

“To do so, it will be necessary to improve the business and investment climate in Tunisia, and particularly, the political scene,” he concluded.