“The current monetary policy will deliver good results and help ease inflation,” Governor of the Central Bank of Tunisia (French: BCT) Fethi Zouhair Nouri told a panel session on the theme: “Speeding up Foreign Investment in Tunisia: Reforms and Opportunities.” The event is held Thursday on the sidelines of the 21st edition of the Tunisia Investment Forum (TIF).
“Our monetary policy has also helped narrow the account deficit,” he said. “Tunisia is currently living through a period of disinflation as the rate fell from 10% to 7.2%,” he added.
The BCT, Nouri further said, is doubling efforts to preserve price and exchange rate stability in a bid to improve price competitiveness and help export goods or services at lower prices than competitors.
“When we stabilise exchange rates and contain inflation, we make our economy more competitive which will help boost investment. Number 1 enemy of investment is inflation; as such, the BCT seeks to keep inlfation low and stable so as to restore confidence of citizens, companies and investors,” he said.
Tunisia needs investments to restore economic growth and keep its skilled workforce at home, he added.
Over 800 participants, including Tunisian and foreign investors from 30 countries, are partaking in TIF, held on June 12-13 in Tunis under the theme of “Tunisia, Where Sustainability meets Opportunities.”
Organised on the initiative of the Foreign Investment Promotion Agency (FIPA-Tunisia) and in partnership with the European Union (EU), this event is intended to serve as an opportunity to spotlight reforms implemented and in preparation by the government to boost the economy and investment and improve the business climate under the national reform programme.
