Christine Lagarde, speaks during a meeting with Tunisian and European businessmen (© AFP)
Office: TUNIS
02/02/2012 18:05 GMT
IMF chief offers Tunisia support
International Monetary Fund chief Christine Lagarde vowed Thursday to support Tunisia and urged its...
International Monetary Fund chief Christine Lagarde vowed Thursday to support Tunisia and urged its new leaders to focus their efforts on job creation to win back investor confidence.
"The IMF in 2012 is not what it used to be in the eighties and is now a partner that will always be ready to support Tunisia if and when it needs it," Lagarde told reporters in Tunis.
The financial institution long suffered from a trust problem in developing countries due to past policies which conditioned loans on harsh measures that sometimes aggravated the crisis faced by borrowers.
A revolution toppled long-standing despot Zine el Abidine Ben Ali and sparked the Arab Spring a year ago, but Tunisia's economy has since shrunk 1.8 percent, unemployment has risen to 18 percent and tourists are staying away.
Tunisia has not yet asked for a loan but Lagarde said "the IMF stands ready" and added that the officials she spoke to were receptive to the offer.
The newly-elected interim administration in Tunisia should "focus on economic development and job creation... to restore the trust of Tunisian and international investors," Lagarde said.
© 2012 AFP
news tech
-
Nollywood film producers caught in a squeeze
Nollywood may be the planet’s third biggest film industry after Hollywood and Bollywood but it is...13/04/2012 08:10 GMT
press releases
-
AU ASSESSMENT MISSION IN THE REPUBLIC OF SOUTH SUDAN
JUBA, South Sudan, May 23, 2012/African Press Organization (APO)/ -- The delegation of the...23/05/2012 09:37 GMT
StarAfrica Radio
world
-
Free Syrian Army denies abducting Lebanese pilgrims
The Free Syrian Army, which is seeking the overthrow of President Bashar al-Assad's regime, on...23/05/2012 07:42 GMT