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Tunisia seeks to raise 13.7bn Euros to kick-start investment

Tunisia seeks to raise 13.7bn Euros to kick-start investment

Tunisia

13.7 billion euros to revive investment in Tunisia. That was among the contents in the global envelope of promises and donations collected during the country’s international investment conference dubbed Tunisia 2020 which opened Tuesday in Tunis.

The objective of this event was to help kick-start the Tunisian economy, six years after the fall of the former President Ben Ali. The government has already raised 1 billion euros from its development partners, including the European Investment Bank. The institution has however called on the Tunisian authorities to work towards effective implementation of the reforms already adopted.

Johannes Hahn, the European commissioner said: “Tunisians have adopted a law on investments that has been seen by the business community as a very positive step in the right direction, but now it is a question of implementing all these measures.”

In general, Tunisia is at the center of the attention of the international financial community. In May, the country signed a 2.6 billion-euro aid package from the IMF over four years.

Earlier this year, Tunisia faced mass demonstrations in several of its cities as it’s citizens demanded solutions to soaring unemployment.

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