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New Tunisian PM-designate Faces Economy Battered by Political Turmoil

New Tunisian PM-designate Faces Economy Battered by Political Turmoil
folder_openTunisia access_time 16 days ago
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By Staff, Agencies

Tunisia's crisis-stricken economy will be a top priority for the new government of prime minister-designate Najla Bouden, after a decade of political instability that has stymied foreign investment.

Heavily in debt, spiraling inflation, and widespread unemployment worsened by the coronavirus pandemic, Tunisia is hoping for a bailout package from the International Monetary Fund.

But talks have been suspended since President Kais Saied on July 25 sacked the government, suspended parliament, and seized a range of executive powers, later moving to rule by decree.

On Wednesday, he charged Bouden, a political unknown with a background in geology, with forming a new administration.

The Tunisian economy has grown by as little as 0.6 percent on average over the past decade, with inflation averaging six percent.

Around a fifth of the country's 12 million population are in poverty or vulnerable, according to World Bank figures, a toll worsened by the Covid-19 pandemic.

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