Billions Of Dollars Pledged To Revive The Tunisia's Economy

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Published Dec 1, 2016

Billions of dollars have been pledged at an investment conference to revive Tunisia's economy. More than 2,000 business, finance and political leaders from 40 countries attended the Tunis conference, including officials from global lenders such as the World Bank. The government is seeking bids on 140 ventures -- from infrastructure and agricultural projects to hi-tech schemes -- worth roughly 32 billion dollars. At the opening session, Qatar pledged 1.25 billion dollars. Kuwait said it would lend Tunisia 500 million dollars over the next five years, while Canada and Algeria also pledged financial support. Tunis hopes the meeting will help it tackle challenges including high unemployment, low growth and a tourism sector battered by jihadist attacks