Tunisia Continues to Suffer Macroeconomic Vulnerabilities – IMF

Tunisia continues to face elevated macroeconomic vulnerabilities and high unemployment, said the IMF Executive Board after completing the second review under the Extended Fund Facility (EFF) Arrangement. In 2017, Tunisian economy made a modest recovery. The country’s debt has “continued to increase, inflation has accelerated, and international reserve cover is now less than three months of imports”, added the IMF in a press release, noting that decisive implementation of the policies under the Fund-supported program is necessary to sustain macroeconomic stability. The IMF completion of the review allows the Tunisian…

Tunisia to host Islamic Development Bank annual meeting

Tunisia will play host of the annual meeting of the Islamic Development Bank (IDB) Group, the largest development organization in the Muslim world, in the first week of April. Some fifty-seven ministers of economy and finance of member countries and about one thousand experts, economists and financiers from Tunisia and other countries will attend the meeting, which will be held on April 1-5,  Tunisian Ministry of Development, Investment and Cooperation said on Friday. A signing ceremony of financial partnership agreements between the IDB Group and some member states, including Tunisia,…

Tunisia: Strategic Council for the Digital Economy calls for speeding up the DNA

The strategic council of the digital economy has called to accelerate the creation of the Digital Development Agency (DNA). The Strategic Council for the Digital Economy, chaired by the Prime Minister , was born out of the Digital Tunisia meeting organised in 2013. This governance structure, which brings together actors from the public and private sectors and civil society, is intended to oversee developing the national strategy for the digital economy and monitoring its implementation, as per online news portal THD. In an address delivered at the end of the…

Tunisia: New structural reforms needed to revive growth and job creation (OECD)

The first-ever Organisation for Economic Co-operation and Development (OECD) Economic Survey of Tunisia was presented Thursday in Tunis. It projects growth approaching 3% in 2018 and 3.5% in 2019. The surveys says “expansion will be driven by business investment which is expected to benefit from simplified procedures from the new investment law, and resurgent exports which will get a boost from the recovery in European markets.” It also highlights the significant strides made after the Revolution, “including increased participation in political processes, new freedoms of expression and association, a reduction…

CORP: 72 young people benefit from occupational retraining

A certificate award ceremony for the benefit of 72 young people having benefited from a professional retraining was held Thursday in Tunis by the Centre for Orientation and Professional Retraining (CORP), in partnership with the Tunisian-German Information Centre for Employment, Migration and Reintegration. CORP Director  Youssef Fennira said reconversion actions have affected the professions of Community Manager, Technician in Maintenance of Automated Systems, Commercial and Web Developer. Among these 72 young higher education graduates, 52 have been placed in the labour market. This ceremony is organised one month after the…

Tui to extend Tunisia for 2019 after steady return

Tui is to increase its Tunisia offering for summer 2019 after a steady start since it put the destination back on sale. Holidays to the north African country went back on sale in January, and flights resume in May for the first time since 38 Tui customers, including 30 Britons, were killed in a terrorist attack at the Imperial Marhaba Hotel in the resort of Sousse in June 2015. It will start with a small programme featuring three hotels in Hammamet and flights from four UK airports. Thomas Cook was…

Tunisia Digital Summit : digitalisation is important means of combating corruption (PM)

A recent study showed that the digital transformation can increase Tunisia’s growth rate from 1.5% to 2.3%, said Anouar Maarouf, Minister of Communication Technologies and Digital Economy, noting that in some countries the contribution rate of the digital economy in the economy is 25%. On the fringes of his participation in the works of Tunisia Digital Summit (TDS), the minister stated ” We seek to double the contribution rate of the digital economy to the national economy to move from 7% currently to 14%.” He added that industry digitisation is…

Tunisia launches the digital map of public lands and infrastructures

In Tunisia, the digital map of public lands and infrastructures is now publicly available. This was announced by the Tunisian minister of State domains and land affairs, Mabrouk Korchid, during a press conference. “Individuals and communities concerned by the services of the ministry of State domains and land affairs, can now be updated about the State’s land thanks to a digital map, and follow expertise services related to sale and commercial contracts as well as concessions on a special website of the Ministry,” he said according to statements reported by Huffpost Maghreb. The official…

The Netherlands and World Bank Renew Their Engagement Towards Tunisia as part of Compact with Africa

A Memorandum of Understanding expressing the commitment of the Netherlands and the World Bank (WB) Group to support the Tunisian Government, within the framework of the G20 programme for the Compact With Africa, to undertake a coordinated programme of reforms to increase domestic and foreign investments in Tunisia, was signed on Monday by Minister for Development Cooperation and Foreign Trade of the Netherlands Sigrid Kaag and Bank Group Tunisia Country Manager Tony Verheijen said the World Bank in a statement. The Compact with Africa (CwA), created in 2017, sets up…

Tunisia seeks to build “Silicon Valley” by 2020

A new Tunisian act that paves the way for entrepreneurs to establish startups but fears of losing ambitious plans in bureaucratic paths arouse. A large fringe of Tunisian entrepreneurs and young people are waiting for parliament next week to approve the draft law on establishing start-up companies, on which the government is highly betting to make a boost in the investment sector to move growth forward. The law aims at laying motivating foundations for the establishment of start-up companies based on the principle of innovation and the adoption of modern…