Substantial reforms in the Tunisian economy
Tunisia, Economics, 9/1/1997

The governor of the Tunisian Central Bank (TCB), Mohammed Bagi Hamda, stressed the necessity of adopting more reforms in order to free the economy and to reach annual growth of 6% in the period between 1997 and 2000.

In the annual report of the TCB, the governor said that in order to reach a 6% rate of annual progress, more laws are needed to ensure solid development of the economic structure.

The report also mentioned that more reforms should be adopted in order to open the local market to the international market, especially reforms aimed at improving the public monetary system, the market mechanism and the commercial environment.

Bagi Hamda said that applying the necessary reforms will ensure the achievement of three main objectives: reducing the unemployment rate, strengthening the market mechanism, and reducing the country's debts.

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