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COVID-19, Challenges and Opportunities: The case of Tunisia

Oct 26, 2020

Given the growing impact of COVID-19, the initial measures taken by the Tunisian authorities failed to address the second wave effectively. After providing an overview of the Tunisian public debt situation prior to the pandemic and of the subsequent challenges posed by the Covid-19 crisis, the brief suggests additional measures to counter the effects on the national economy. Short-term measures include extending support to SMEs that are the real lever of the Tunisian economy.

 

Medium-term measures include increased support to modernize the health sector and actions in the financial sector such as reducing the key interest rate to stimulate domestic private investment. Overall, policy coordination between the fiscal and monetary authorities will be needed and the «welfare state» should regain its place and play its role in the field of social security and in the realization of a public-private duality in all sectors (health, education, transport, etc), ensuring social and economic equity.

 

This article is part of the CMI/FEMISE joint “COVID-19 Med Policy Brief Series”, aimed at addressing the urgent issue of the COVID-19 socio-economic effects and impact on the EU-Mediterranean region.

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