Economic indicators improve in Q1 2017 | Tunisia News Gazette

Economic indicators improve in Q1 2017

Economic indicators improved in the first quarter of 2017,” Minister of Development, Investment and International Cooperation Fadhel Abdelkefi said, on Friday, at a meeting with the press, held after a cabinet meeting.

He mentioned, in this connection, the 46% evolution in phosphate results compared to the same period in 2016, in addition to growth in the tourism sector of 34% and the establishment of the inflation rate at 4. 8%.

The Minister of Development added that the rate of direct investment in Tunisia jumped by 18% including 66% in the industrial sector, noting the significant increase in the rate of exports.

Abdelkefi reviewed the positive provisions of the Investment Law, which, according to him, led to the cancellation of 49 authorisations and the creation of a one-stop shop, highlighting the direct relation between security and social stability and the resumption of the pace of investment.

He also referred to the positive response of the International Monetary Fund (IMF) for the second installment of the credit, which he said would be the go-ahead for all major donors, such as the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the World Bank (WB), recalling the signature of two contracts with the Arab Fund and the World Bank, as part of the follow-up of the conclusions of the Tunisia 2020 International Conference.

Source: TAP News Agency

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