Latest news with #FethiZouhairNouri
African Manager
23-07-2025
- Business
- African Manager
BCT Governor advocates for launching 'Diaspora Bonds'
Governor of the Central Bank of Tunisia (BCT), Fethi Zouhair Nouri, stated that a significant untapped potential lies within the Tunisian diaspora, which remains one of the most decisive and virtuous economic actors, despite recorded progress. Speaking at the second edition of the Tunisia Global Forum (TGF), organized on Tuesday by the Association of Tunisians from Grandes Écoles (ATUGE), Nouri noted that the diaspora represents a human capital that should be transformed into a financial asset to fund sustainable development. He emphasized the need to reorient strategy toward effectively integrating the diaspora into the national development process. He advocated for including the diaspora in economic policymaking by supporting existing associative networks and professional organizations, as well as improving access to transparent and centralized information. The BCT Governor stressed the necessity of offering innovative investment tools tailored to the diaspora's needs and expectations, drawing on international best practices. In this context, he mentioned the introduction of diaspora bonds, the funds from which would finance local businesses and infrastructure projects. He also cited, as an example, the launch of new savings products specifically designed for the diaspora. Nouri added that the BCT is committed to modernizing its services and improving communication, announcing the upcoming launch of a digital platform called 'EXOP' to enable online submission, processing, and tracking of requests addressed to the Central Bank. He further noted that a new version of the **foreign currency investment platform for non-residents in Tunisia, hosted on the BCT's website ( will soon be operational. 30% of foreign currency comes from expatriates The BCT Governor also recalled that the diaspora, comprising around 1.8 million citizens, primarily residing in Europe and Gulf countries, remains one of the main sources of foreign currency for Tunisia's economy. He added that, by the end of 2024, remittances from Tunisians abroad accounted for 30% of the BCT's foreign exchange reserves, equivalent to about 6.5% of GDP. These flows even have a stabilizing effect at the macroeconomic level, he noted. The Tunisian expatriate community also contributes to boosting domestic consumption, supporting economic growth, directly contributing 2% of state tax revenues and strengthening the local economy through investments, particularly in real estate. Challenges facing the Diaspora For his part, ATUGE President Amine Aloulou highlighted the obstacles the Tunisian diaspora faces in terms of investment, stressing their disconnection from the country. He affirmed that the forum and regional tours would help develop local networks and engage economic and administrative stakeholders. He added that the business environment, administrative and banking services, and air transport are key areas needing improvement to attract investors and foster the country's economic openness.
Biz Bahrain
13-06-2025
- Business
- Biz Bahrain
Organised by Bahrain's MenaMoney, Tunis Hosts Arab Savings & Financial Literacy Conference 2025
Under the theme of 'building resilience for the 21st century', the 'Arab Savings & Financial Literacy Conference 2025' will be held in Tunisia, bringing together several financial, fintech, educational, social protection, social NGOs, informal sector and youth and women institutions from across the Arab world to discuss household savings and financial literacy in the region. Held under the patronage of the Tunisian Central Bank, the event is organised by MenaMoney, the Bahrain-based financial conferences organiser, and the Financial Integration Observatory of the Tunisian Central Bank at the Sheraton Hotel during the period 2 – 3 July 2025. The conference will be inaugurated by His Excellency Mr. Fethi Zouhair Nouri, Governor of the Tunisian Central Bank. Executives from central banks, local banks, insurance companies and federations, investment management firms, fintech businesses, financial education centres, social inclusion advisers and HR leaders running employee savings and benefits speak at this annual gathering. Topics to be addressed this year include strategies and funding of financial literacy programs, financial literacy for building the savings and investment market, digital finance for economic development, role of artificial intelligence in financial literacy, impact of financial literacy on consumer protection, behavioural finance, role of financial institutions in sustainable finance, and role of microfinance in financial inclusion Discussions of this regional meeting focus on features of the national strategy for financial literacy and inclusion, successful national experiences of a number of countries and institutions to improve the level of financial, savings and investment literacy around the world and ways to adopt these locally in our Arab region. Ebrahim K Ebrahim, CEO of MenaMoney, said the event provides a unique opportunity for central bankers, regulators, industry leaders, academics and policy makers to discuss current financial education needs, financial literacy gaps and priorities. 'The cost-of-living difficulties faced in many parts of the world has emphasised the importance of financial literacy as the gap between the financially resilient and the financially fragile widens,' he pointed out, adding that it is now recognised that poor financial skills have left many households unprepared to face crises and their consequences. He elaborated that financial literacy is becoming increasingly important in light of public health, political and economic crises the world has seen in recent years, and the exponential growth of digital technologies providing access to financial services but also posing risks to consumers. For all these reasons, the family's financial literacy is a must, in order to take the best economic measures at the present and secure a better financial future in the long term. 'Improving households' financial well-being by increasing their financial literacy should be a national priority across the Arab world,' said Mr. Ebrahim. The first-of-its-kind conference aims to create a vital debate and an information-sharing platform on financial inclusion and household financial resilience. Registration for the conference is free at:
Zawya
12-06-2025
- Business
- Zawya
Tunis hosts Arab Savings & Financial Literacy Conference 2025
Manama--- Bahrain: Under the theme of 'building resilience for the 21st century', the 'Arab Savings & Financial Literacy Conference 2025' will be held in Tunisia, bringing together several financial, fintech, educational, social protection, social NGOs, informal sector and youth and women institutions from across the Arab world to discuss household savings and financial literacy in the region. Held under the patronage of the Tunisian Central Bank, the event is organised by MenaMoney, the Bahrain-based financial conferences organiser, and the Financial Integration Observatory of the Tunisian Central Bank at the Sheraton Hotel during the period 2 – 3 July 2025. The conference will be inaugurated by His Excellency Mr. Fethi Zouhair Nouri, Governor of the Tunisian Central Bank. Executives from central banks, local banks, insurance companies and federations, investment management firms, fintech businesses, financial education centres, social inclusion advisers and HR leaders running employee savings and benefits speak at this annual gathering. Topics to be addressed this year include strategies and funding of financial literacy programs, financial literacy for building the savings and investment market, digital finance for economic development, role of artificial intelligence in financial literacy, impact of financial literacy on consumer protection, behavioural finance, role of financial institutions in sustainable finance, and role of microfinance in financial inclusion Discussions of this regional meeting focus on features of the national strategy for financial literacy and inclusion, successful national experiences of a number of countries and institutions to improve the level of financial, savings and investment literacy around the world and ways to adopt these locally in our Arab region. Ebrahim K Ebrahim, CEO of MenaMoney, said the event provides a unique opportunity for central bankers, regulators, industry leaders, academics and policy makers to discuss current financial education needs, financial literacy gaps and priorities. 'The cost-of-living difficulties faced in many parts of the world has emphasised the importance of financial literacy as the gap between the financially resilient and the financially fragile widens,' he pointed out, adding that it is now recognised that poor financial skills have left many households unprepared to face crises and their consequences. He elaborated that financial literacy is becoming increasingly important in light of public health, political and economic crises the world has seen in recent years, and the exponential growth of digital technologies providing access to financial services but also posing risks to consumers. For all these reasons, the family's financial literacy is a must, in order to take the best economic measures at the present and secure a better financial future in the long term. 'Improving households' financial well-being by increasing their financial literacy should be a national priority across the Arab world,' said Mr. Ebrahim. The first-of-its-kind conference aims to create a vital debate and an information-sharing platform on financial inclusion and household financial resilience. Registration for the conference is free at:
African Manager
24-04-2025
- Business
- African Manager
Tunisia's economic growth stuck at 1.4% through 2025-2026, IMF reports
In terms of growth, Tunisia's rate in 2025 and 2026 will be exactly the same as in 2024, i.e. a sluggish 1.4%, which will mark the country's GDP trajectory for another two years, according to the 'World Economic Outlook, April 2025' report published on Tuesday by the International Monetary Fund on the sidelines of the World Bank Group (WBG) and International Monetary Fund (IMF) Spring Meetings 2025. According to the report, titled 'World Economic Outlook, April 2025: A Critical Juncture amid Policy Shifts', Tunisia's inflation rate will fall from 7% in 2024 to 6.1% in 2025 before rising to 6.5% in 2026, while the unemployment rate is not mentioned in the report. It should be noted that the Tunisian economy will grow by 1.4% in 2024, according to the National Institute of Statistics (INS). Agricultural activity remains the main driver of growth. According to the INS, the sector's value added grew by 12.1% year-on-year in the fourth quarter of 2024. Tunisia is taking part in the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), which are held in Washington from April 21 to 26, 2025, the Ministry of Economy and Planning announced on Tuesday. The official Tunisian delegation includes Minister of Economy and Planning, Samir Abdelhafidh, and Governor of the Central Bank of Tunisia (BCT), Fethi Zouhair Nouri. Members of the Tunisian delegation will meet with senior officials from regional and international financial institutions, as well as their counterparts. In the Middle East and North Africa (MENA) region, however, growth is expected to reach 2.6% in 2025 and 3.4% in 2026, according to the IMF report. Egypt is expected to grow by 3.8% in 2025 and 4.3% in 2026, while Morocco will grow by 3.9% in 2025 and 3.7% in 2026. Algeria is expected to grow by 3.5% in 2025 and 3% in 2026. The same goes for global growth! It's worth noting that global growth will fall to 2.8% in 2025 and 3% in 2026, well below the historical average of 3.7% observed between 2000 and 2019. After a series of prolonged and unprecedented shocks, the global economy seemed to have regained some stability, with stable but lackluster growth rates, the IMF recalled. However, the situation is changing as governments around the world redefine their priorities and uncertainties reach new heights. Global growth forecasts have been revised sharply downwards compared with the January 2025 edition of the World Economic Outlook Update, due to the imposition of tariffs reaching levels not seen in a century and the high level of uncertainty at the moment, the same source said. It added that global headline inflation is expected to fall slightly more slowly than forecast in January. A plea for a 'stable business environment' Divergent and rapidly changing policies or a weakening of confidence could lead to an even more pronounced tightening of global financial conditions, the same document said. The intensification of a trade war and heightened uncertainty around trade policy could further weigh on short- and long-term growth prospects, it said. The report noted that a decline in international cooperation could jeopardize progress towards a more resilient global economy. In this context, the financial institution called on countries to work constructively to promote a stable and predictable business environment and to facilitate international cooperation, while addressing policy shortcomings and structural imbalances. This will help ensure economic stability, both domestically and internationally. To boost growth and reduce fiscal tensions, the authorities could implement policies to promote healthy ageing and increase the labor force participation of older people and women, the same source recommended.
Zawya
25-03-2025
- Business
- Zawya
Tunisia: Head of State calls for enforcing Law on all banks in meeting with BCT governor
Tunis: President Kais Saied called for enforcing the law on all banks and addressing any violations, regardless of the institution involved. He also reiterated that the Financial Analysis Committee must effectively carry out its responsibilities. During a meeting on Friday morning at Carthage Palace with Governor of the Central Bank of Tunisia (BCT), Fethi Zouhair Nouri, the Head of State stressed that "the law of the state must apply to everyone." He further stated, "What is happening today is unacceptable and cannot go unpunished. While interest rates are being reduced, the principal debt is being simultaneously increased." The President also called for reviewing the BCT's legal framework so as to enhance its ability to address financial challenges and better support the national economy. The meeting also shed light on various economic indicators, including the inflation rate, which remained below 5.7%. The President noted that "without national policy measures, this rate could have been much higher." Additionally, the Head of State urged the Financial Analysis Committee to fulfill its duties effectively, pointing out that its current actions have been insufficient and have not yielded the desired results, particularly concerning numerous suspicious sources of funding that fall outside the legal framework. © Tap 2022 Provided by SyndiGate Media Inc. (
