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FinancialNews


  • 04-01-23

    Tunisia reveals financial strategy betting massively on private investment

    (MENAFN) The Tunisian administration on Tuesday offered a three-year improvement strategy that depend heavily on private industry investment, mainly in industry, and growing phosphate output.

    The cash-strapped North African nation is dealing with 10 percent inflation in line with decelerating expansion, surged joblessness as well as deficiencies of basic commodities, worsened by the COVID-19 epidemic and the conflict in Ukraine.

    The 2023-2025 strategy “puts forward a new model of development” to rearrange Tunisia’s economy and fight poverty, which presently impacts about a fifth of the 12 million population, as stated byEconomy Minister Samir Saied.

    Tunisian governments are eager to obtain almost USD2-billion bailout from the International Monetary Fund they hope is going to unlock additional sources of global financing.

    Saied mentioned that the strategy revealed Tuesday, which is going according to expansion of 2.1 percent this year — in comparison with 1.8 percent in 2022— was “realistic and prudent.”

    He projected a drop in unemployment of only one percentage point to reach 14 percent in the period among 2022 and 2025.

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