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ViewpointAugust 1 2019

Tunisia's central bank governor looks to a new age of stability

The governor of the Central Bank of Tunisia, Marouane El Abassi, talks to Courtney Fingar about containing inflation and the potential impact of the country’s upcoming elections.
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Q: The Tunisian banking sector has suffered in recent times from under-capitalisation and a lack of liquidity. What is the status now?

A: That was the case three or four years ago, mainly with our state-owned banks, but with the World Bank’s technical assistance we have increased the capital of these three banks. It is not exactly to the level of the private banks but they are moving in the right direction. There is some pressure on liquidity, but what we’re trying to do is maintain pressure on the banks to be competitive. Sometimes it is working and sometimes it is not. 

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