dimanche 24 novembre 2013

Investment challenge after the revolution



After the revolution, Tunisian economy has been facing many problems and challenges 
especially with the worldwide economic crisis. Foreign Investment was the major affected sector due to security instability, manifestations, and strikes. In fact, during the first term in 2011; direct foreign investment has decreased with 28.8% according to FIPA (the Foreign Investment Promotion Agency).A new strategy to encourage foreigners to invest in Tunisia was deeply needed such as promotion of a good image of our country, more facilities by the government, and an encouraging infrastructure. Indeed, according to FIPA, during the first term of 2013 foreign direct investment reached more than 393.7 million dinars whereas they only reached 338.6 million dinars during the same period in 2011.However, the economic situation is still running risks and observers are worried about it .In fact, Mr. Chedhly Ayari, the governor of the central bank ofTunisia,  in an interview held with “al chark al -awssat newspaper”  ,said that “economic situation would be disastrous at the end of the current year after the inflation rate reached 6%, for the first time since 1970. A policy of austerity is needed to enable the country to overcome the economic problem”. Furthermore, the current political crisis and after the terrorism matter has been intensified, investors do not want to take high risks as a result they avoid working in Tunisia, therefore the political elite should take in consideration the economic issue and make it its number one priority so that the choice of a democratic path can effectively seduce and reassures investors to invade the Tunisian market consequently strengthen the integration of Tunisia in global economy. 
                                                                                                       Ines Agrebi

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