The Need for Economic Reforms: Exploring Durant’s Years of Transition

2023-07-17 11:45:55

Durant the years of transition, there was no real economic and social project“, believes Khadija Mohsen-Finan. Economic reforms and a fairer distribution of wealth, particularly through taxation, would undoubtedly have reduced, at least in part, the degree of populism present today.

When he came to power, his top priority was to change the institutions and not to reform the economy, as he should have done, to meet the expectations of the population.“, regrets the expert.

However, a solution to give oxygen to the Tunisian economy exists: a loan from the International Monetary Fund (IMF) of 1.9 billion dollars (1.75 billion euros). However, this loan, like all IMF loans, is conditional on the implementation of reforms by the beneficiary State: “We must reduce the civil service payroll, transform the large state enterprises and reduce subsidies for consumer products, which the president refuses. This is not surprising because these reforms are very unpopular. He therefore hides behind nationalism, explains that he will recover the embezzled money and the fact that Tunisia can be self-sufficient, which is false.“, specifies Khadija Mohsen-Finan.

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