Tunisia expects inflation to reach 10.5% in 2023

A man retrieves newly circulating Tunisian bank notes from an ATM in the capital Tunis, on March 27, 2020 [Photo by FETHI BELAID/AFP via Getty Images]

Tunisia expects inflation to average 10.5% in 2023, up from 8.3% expected for 2022, as inflationary pressures continue to increase, economy minister Samir Saeed said on Monday.

The Tunisian government has no alternative to an agreement with the IMF, Saeed added, referring a $1.9 billion rescue package to help the country with its borrowing needs next year.

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