Qatar and France promised more than a billion dollars in financial support for Tunisia at an investment conference Tuesday aimed at reviving the country's struggling economy.
Nearly six years after its Arab Spring
revolution, Tunisia hopes the meeting will help it confront challenges
including high unemployment, low growth and a tourism sector hammered by
jihadist attacks.
The two-day "Tunisia 2020" conference aims to put the North African nation "back on the investment map of the Mediterranean", officials said.
"Tunisia faces exceptional circumstances and needs exceptional support," said President Beji Caid Essebsi.
"The
success of the democratic project in Tunisia... serves the interests of
the region and can help strengthen security and stability regionally
and globally," he said.
At the
conference's opening session Qatari Emir Sheikh Tamim bin Hamad Al-Thani
pledged $1.25 billion (1.18 billion euros) in financial support.
He said the money would "support the Tunisian economy and strengthen its process of development," without giving further details.
"In Tunisia we face a people who decided to build their country based on plurality, dignity and human freedom," Sheikh Tamim said.
"Will we help them so that the experience succeeds, or will we watch them face the difficulties alone?"
French Prime Minister Manuel Valls said the French Development Agency (AFD) would invest "at least 250 million euros ($265 million) every year" in Tunisia, a former French colony.
That
is on top of an aid package France announced last year to pump a
billion euros ($1.06 billion) into the Tunisian economy by 2020.
"We want to go further," Valls said, adding that France has "duty and a responsibility" to support Tunisia and called on Europe to "live up to expectations".
Despite
avoiding the violence that has rocked other countries in the region
since the Arab Spring revolutions, Tunisia has struggled to relaunch its
economy.
Charm offensive
Prime Minister Youssef Chahed's government took office in August in place of an administration heavily criticised for its economic management.
play
French
Prime Minister, Manuel Valls said the French Development Agency would
invest "at least 250 million euros ($265 million) every year" in Tunisia(AFP)
That
followed a catastrophic 2015 in which attacks claimed by the Islamic
State group killed 59 foreign visitors and 13 Tunisians.
The
attacks dealt a devastating blow to the tourism industry, which in 2010
employed 400,000 people and represented 10 percent of Gross Domestic
Product.
Strikes and social unrest have also hit strategic sectors including phosphate mining.
Around
15 percent of the workforce was unemployed as of the spring of 2016,
according to the World Bank. Many are young graduates, who have seen the
hope of the Arab Spring dissipate.
In January, Tunisia faced its biggest social unrest since the revolution.
The
government hopes the conference, attended by more than 2,000 business,
finance and political leaders from 40 countries, will attract billions
of dollars of much-needed investment.
Officials say the conference is part of a charm offensive aimed at the private sector.
It
is seeking bids on 140 ventures -- from infrastructure and agricultural
projects to hi-tech schemes -- worth roughly $32 billion (30 billion
euros).
The International Monetary Fund approved a $2.9 billion loan to Tunisia in May to help the country implement economic and financial reforms.
The European Union also announced a doubling of its financial support in 2017 to $318 million (300 million euros).
Essebsi will head to Brussels on Wednesday and Thursday for an EU-Tunisia summit.
Chahed
told AFP last week that Tunisia deserved support and that the
international community "should invest in Tunisian democracy".
Incoming UN Secretary General Antonio Guterres told Tuesday's conference that Tunisia had not yet received enough economic support.
"The success of Tunisia requires a strong economy," he said. "For the private sector, investing in Tunisia is an intelligent decision."
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