Follow the latest in economic news and developments about the Arab transitions. 

Prime Minister Mehdi Jomaa said on Monday that Tunisia’s external borrowing needs this year will be nearly double previous budget estimates at around $8 billion, mainly because of rising public sector pay. [Reuters]
Tunisian Prime Minister Mehdi Jomaa warned Monday that the country’s economic woes could become “catastrophic,” saying that people will have to make sacrifices. “Frankly, the situation is more difficult than we thought,” Jomaa said in an interview aired on public television a month after becoming prime minister. [AFP]
Prime Minister Abdullah Ensour reviewed with the Director of the IMF’s Middle East and Central Asia Department, Masood Ahmad, on Monday the economic reforms that have been implemented by the government aimed at reducing the general debt, increasing growth and creating job opportunities for Jordanians. [JNA]
Egypt’s foreign debt currently stands at $46 billion, Central Bank Governor Hisham Ramez said on Monday. The debt dropped from $47 billion by the end of last September. [Aswat Masriya]
Also of Interest:
Egypt renews efforts to attract foreign tourists to its shores | Ahram
Egypt’s NBE to inject $1.58 billion into SMEs| Zawya DJ [sub]
Trade Minister: Egypt respects int’l agreements | SIS
Libyan Wings tries to take off as banking system grounded | Bloomberg
EU and Tunisia establish Mobility Partnership | ENPI
Tunisia and unemployment—a need to reform the education system | LM [French]
Yemen ambitious plans to develop energy sector ‘make way amid challenges’ | SABA