Tunisia 2020 seeks to reverse foreign capital investment flight

Tunisia 2020 seeks to reverse foreign capital investment flight
By Robert Hackwill
Share this articleComments
Share this articleClose Button
Copy/paste the article video embed link below:Copy to clipboardCopied

International investors have turned out in force for the Tunisia 2020 conference.

Tunisia 2020, which runs until Wednesday evening, brings together 1000 participants from 70 countries for an international investment conference. The World Bank, and European and African investment banks are present as the country tries to reverse declines in foreign investment since the 2011 revolution.

“Tunisia has an advanced infrastructure, and a competent and open economy, which is integrated in the global market. This qualifies it to become a real destination for investments and exports in the European, Arab, and African markets,” said Tunisian President Beji Caid Essebsi.

Unemployment is at nearly 16% with double that in parts of the poorer interior, with inflation near 4%, and the government is pitching projects worth 28.2 billion euros at foreign investors. While short-term loans and cash have been supplied by main backers France, Qatar and Kuwait, longer-term investments are needed to kickstart economic growth.

Share this articleComments

You might also like

Households lost a record €6.6 trillion across the world in 2022

Billions at stake: Chinese property giant Evergrande is facing deepening crisis

Nvidia's dominance in AI chips is detering investment in would-be rival semiconductor start-ups