Navigating Uncertainty: Challenges Ahead for Tunisia's New Central Bank Governor

 

Fethi Zouhair Nouri, the recently appointed Central Bank Governor of Tunisia, faces a turbulent economic landscape marked by a looming debt crisis and stalled IMF bailout talks. Analysts, including Hamza Meddeb of the Malcolm H Kerr Carnegie Middle East Centre, describe the situation as "exceptionally challenging," emphasizing the urgency of addressing pressing financial issues.

Nouri, a seasoned economist and former member of the Tunisian Economic and Social Council, must grapple with the delicate balance of financing the government deficit, servicing debt, and mitigating inflation. The scarcity of foreign funding adds an extra layer of complexity to his role. Additionally, Nouri must safeguard the independence of the central bank, particularly in the wake of parliamentary approval allowing the regulator to fund part of the government's financial needs. As Tunisia seeks economic stability, Nouri's leadership will play a pivotal role in navigating these uncertain waters.