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Article: Blueprint for wealth creation.(Special Report: Tunisia)
- Article from:
- The Middle East
- Article date:
- March 1, 1999
CopyrightCOPYRIGHT 1999 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tunisia today is virtually unrecognisable from the country it was ten years ago. The economy has been growing at an average of 5.8%, inflation has been pegged down to 3.1% (1998), the budget deficit has been whittled down to 3% and is expected to hit a low of 2% by 2001, balance of payments deficit has stabilised at around 4.2% and external debt is no more than 17% of exports.
The change goes beyond statistics and is visible. Tunis and other major towns, Sfax, Bizerte and Sousse are spotless and function as efficiently as any Mediterranean European metropolis. Telecommunications and the postal system have been rationalised and are the most efficient in Africa.
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