New elections are around the corner, and the monitoring of party financing has yet to catch up. Between political parties incapable of respecting the law and authorities that struggle to sanction them, the trust of a small segment of citizens still inclined to vote could be easily shaken.
In North Africa, central banks independence from political powers is a matter of debate. It faces many obstacles and also raises countless criticisms from those who fear that countries will abandon their national sovereignty.
According to official figures, 11 billion dinars are currently circulating outside the Tunisian banking system. This calls for a constant refinancing of banks by the Tunisian Central Bank, due to the resulting lack of liquidity. Many factors may account for this situation, namely the size of the informal sector and the low rate of bancarization standing at 47% of the population. While this has been the case for many years, the situation could deteriorate in 2018 and 2019.
It is important to note that since 2012 until the present day, the country has accumulated about ten million dollars in debt. In this vicious cycle where a debt is used to pay another debt, it is important to ask the following questions: Where will this debt take us? Where does the money go? Are the government’s cessions sufficient?
