Drawing a line under the negative results recorded by the Tunisian economy over the last decade requires greater confidence in businesses as part of the fight against the rent economy and support efforts to create companies, the Malcolm H. Kerr Carnegie Middle East Center said. In a recently published report on the economic and financial situation in the Arab region and more particularly in three countries; namely Tunisia, Egypt and Lebanon, the Center emphasizes that the development opportunities are currently more important, especially since they are based on reforms which have long been hidden, in particular those which aimed to boost the private sector, improve resource mobilization and strengthen the financial capacities of the State. It stressed the need to support the private sector whose weight has become increasingly important in the region. The authors of the report reminded that between 2012/2022, private investments recorded a decline of 20% of GDP in the three countries (less than 5% in Egypt, less than 10% in Tunisia and Lebanon before the crisis). Tunisia, which has a broad industrial base, has real development opportunities and can count on strong support from the European Union, namely through direct investment, the same source said. Several studies and reports, particularly from the World Bank, revealed that one of the main problems of the Tunisian economy is “restrictions on competition” which produces an environment in which companies cannot achieve growth based on productivity or quality of services. (WB report: economic reforms to get out of the crisis).
Source: Emirates News Agency