|

“Tunisia, a strategic priority, investment must ensue”- Mogherini

Federica Mogherini, Chief of the EU foreign policy called on European investors to channel investments to Tunisia.

In the same vein, she urged the 28-member state bloc to consider Tunisia as a strategic priority. “Investing in Tunisia, in its present and its future and especially in its young people, is a strategic priority” said the EU’s foreign policy chief.

Tunisia has been struggling with an economic downturn since 2011 following the Arab Spring which deposed autocratic President Ben Ali.

Prime Minister Youssef Chahed, who took office last August, warned that the country will be forced to declare bankruptcy if nothing is done.

The Country’s unemployment rate hits a 16% record, with the number of unemployed graduates standing at around 600,000, a figure deemed superior to Egypt’s.

The EU in September announced it would double its financial assistance to 300 million euros for Tunisia. This increase, according to the bloc, will help address youth unemployment, social development and provide assistance to companies.

The country is preparing to host Tunisia 2020 international conference to attract foreign investors. The event, scheduled for the end of December, is expected to attract several billion euros of investments needed to create 400,000 jobs.

Short URL: http://me-confidential.com/?p=14152

Posted by on Nov 2 2016. Filed under Finance, Headlines, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Recently Commented

  • Badia Ouadi: What about the 20/20 vision for tourism which HRH has endorsed Himself? There are hundreds of western...
  • Achraf: Wise words from a wise king. And dont forget to work hand in hand. Stability Will be à important factor
  • Mehmet: Erdogan and the Turkish government become more pathetic and miserable and unrealistic day by day.
  • Telh: Israel should take a leaf out of their book.
  • Gemma: Well on this task Jordan gets a big fat F! We need to find a more competent custodian before Al Aqsa is lost...