Hard-currency bonds issued by Tunisia’s central bank dropped by record amounts on Monday after the dismissal of the government by the country’s president left it facing its biggest crisis in a decade of democracy. The slump underlines investor concern about a political crisis gripping the only democracy to take root from the Arab Spring, as well as Tunisia’s ability to secure funding needed to avert economic turmoil deepened by the Covid-19 pandemic. “These developments just point to the very difficult political, social and economic situation the country has been mired in since 2011,” said Raza Agha, head of emerging markets credit strategy at Legal & General Investment Management, which wa
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