26 July 2012

Tunisia: Ten Priority Actions to Revive the Economy

Tunis — Ten priority actions to revive the Tunisian economy have been identified at a consultation with the Tunisian private sector.

It was conducted last June by the African Development Bank (AfDB), in collaboration with the World Bank and the European Union, in preparation for the budget support programme for 2012. These measures involve winning back the confidence of the private sector and creating a new dynamic of investment and mobilising resources.

They also relate to tax reform, business environment, training and employability, financial system...

Taxation reform will be made through four components: implementation of awareness campaign with "tax hotline," revision of the tax scale and abolition of the flat-rate scheme, implementation of the bonus/malus system and recruitment of 5 thousand persons in charge of tax recovery.

Free private initiative was advocated with reduction of authorisations and formalities and improvement of security (particularly for tourism and on the Tunisian-Libyan borders). The reform of higher education and vocational training should involve the private sector in establishment of university programmes.

Measures also target the opening of the micro-finance spheres to new private players and associations, by including a better risk and cost sharing with the State. The establishment of an export strategy and opening up onto Africa were also advocated, in addition to setting up a fund for the promotion of services related to offshore information technologies in Tunisia.

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