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World Bank Expects Tunisia’s Economic Growth to Rebound 3.5% in 2022

People queue to receives their coronavirus vaccines at El-Menzah Stadium which was turned into a vaccination center in the Tunisian capital Tunis on August 3, 2021. (AFP)
People queue to receives their coronavirus vaccines at El-Menzah Stadium which was turned into a vaccination center in the Tunisian capital Tunis on August 3, 2021. (AFP)
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World Bank Expects Tunisia’s Economic Growth to Rebound 3.5% in 2022

People queue to receives their coronavirus vaccines at El-Menzah Stadium which was turned into a vaccination center in the Tunisian capital Tunis on August 3, 2021. (AFP)
People queue to receives their coronavirus vaccines at El-Menzah Stadium which was turned into a vaccination center in the Tunisian capital Tunis on August 3, 2021. (AFP)

Tunisia’s economic growth should rebound to 3.5 percent in 2022 and decelerate to 3.3 percent in 2023 compared to 2.9 percent in 2021, according to the latest Global Economic Prospects published by the World Bank.

A surge in COVID-19 cases and political uncertainty throttled the rebound in 2021, the document said.

Economist Jannat bin Abdullah said the economy is affected by the oil prices in the global market. This, in its turn, impacts the trade deficit of the economy.

The Ministry of Finance based the 2021 budget on the reference price of $45, but this figure was proven unrealistic. The country tentatively expected this year’s barrel price to be $75.

Some experts expect the oil prices to exceed this number, and this would negatively affect the economy, said bin Abdullah.

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Syria, World Bank Discuss Tools to Support Syrian Economic Recovery

People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)
People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)
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Syria, World Bank Discuss Tools to Support Syrian Economic Recovery

People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)
People wait their turn in a queue outside an ATM in Damascus on April 16, 2025. (Photo by LOUAI BESHARA / AFP)

Members of the Syrian government and a delegation from the World Bank discussed in Damascus tools to support Syria's economic recovery, the Syrian foreign ministry said on Wednesday.

Sources told Reuters on Saturday that Syrian officials are planning to attend the annual spring meetings held by the International Monetary Fund and World Bank in Washington, D.C. this month, which would be the first such visit in at least two decades.

Syria has around $15 million in arrears to the World Bank which must be paid off before the international financial institution can approve grants and provide other forms of assistance.

But Damascus is short of foreign currency and a previous plan to pay off the debts using assets frozen abroad did not materialize, according to two people familiar with the matter.

A technical delegation from the World Bank met with Syria's Finance Minister Mohammed Yosr Bernieh on Monday, according to the Syrian state news agency Sana.
The meeting, which was the first public meeting between the Syrian government and the World Bank, included discussions on strengthening financial and economic ties between the two sides.
Bernieh also highlighted the negative effects of the international sanctions imposed on Syria and policies of the former regime on the country's financial and banking sector.