Business & Economy

An investment stalemate in Tunisia ?!

Data from

the Tunisian Agency for the Advancement of Foreign Investment recorded a sharp decline in foreign investment flowing into the country in the first three months of the year. Investments decreased by 31.6% during the first quarter of this year to record 344.6 billion dinars (126 million dollars), down from 503.6 billion dinars a year ago. Foreign investment flows decreased by 43.3% compared to 2019, and by 38.3% compared to 2018, according to the Tunisian Africa news agency. The data also revealed that investments in the money market reached a value of 2.7 billion dinars during the aforementioned period, while direct international investments recorded 341.9 billion dinars. Tunisia is experiencing a severe economic crisis, which pushed the country’s GDP to shrink by 8.8% over the past year, coinciding with the pressures of the Corona pandemic

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