| 27 July 2012 | 0 Comments
 
 

Top level Tunisian government officials, led by interim Prime Minister Hamadi Jebali, decided yesterday to begin implementing a series of projects intended to reform regulations on business and investment.

The decision follows international calls for Tunisia to readjust the juridical and administrative framework currently regulating the business sector. For example, at the Tunisia Investement Forum last month, international investors advised Jebali on how to reduce entry barriers to the Tunisian market.

Furthermore, the American NGO, International Crisis Group, recently released a report that stresses the need for the Tunisian government to take quick economic action in order to avoid social unrest.

The ten projects approved in yesterday’s meeting aim to create flexibility in the juridical procedures for investment and business. The initiatives are scheduled to be put into action on August 15th.

In addition to streamlining regulations, the projects also involve promoting governmental transparency and include plans to evaluate the Tunisian health and education systems, and to enable easier access to information when it comes to issues like the state budget and audits of public banks.

According to TAP, the projects approved yesterday were part of a set of recommendations to boost the Tunisian economy made by World Bank. The projects will be co-financed by the African Development Bank and the European Union.


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