Tunisia unveils economic plan betting heavily on private investment

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The Tunisian government on Tuesday presented a three-year development plan that relies heavily on private sector investment.

Tunisian Economy Minister Samir Saied unveils a 2023-2025 development plan the government hopes will help secure a nearly $2-billion bailout from the International Monetary FundThe Tunisian government on Tuesday presented a three-year development plan that relies heavily on private sector investment, particularly in industry, and boosting phosphate production.

Tunisian authorities are hoping to secure a nearly $2-billion bailout from the International Monetary Fund they hope will unlock other sources of international financing. Saied said private sector investment should be the"engine of growth", calling for improvements to Tunisia's notoriously closed business climate.

The plan also seeks to boost production of phosphates, one of Tunisia's rare natural resources, from 3.7 million tonnes last year to 12 million tonnes in 2025.

 

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