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Ukraine War Adds to Tunisia’s Economic Woes as It Seeks IMF Help

The headquarters of the Tunisian central bank in Tunis.
The headquarters of the Tunisian central bank in Tunis.

Photographer: Trevor Snapp/Bloomberg

Cash-strapped Tunisia will need more financing for its budget as the war in Ukraine sends commodity and energy prices soaring, the central bank said, announcing it had left its benchmark interest rate unchanged.

The regulator’s board called for “extreme caution” and the “adoption of a proactive approach” to offset the conflict’s impact, Banque de Tunisie said in a statement following an emergency meeting late on Monday.