Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
Dismiss
This content is for our paying subscribers only

World Mena

Thousands protest Tunisia economic woes

Tunisian economy is at a standstill with growth of 0.4% and an unemployment rate of 16.4%



Members of the Tunisian General Labour Union (UGTT) carry banners and flags during a protest to condemn the restrictions on union rights and denounce increases in prices, near the Prime Minister's office in Tunis, on March 2, 2024.
Image Credit: REUTERS

Tunis: Thousands protested deteriorating living standards outside the prime minister's office in Tunis on Saturday following a call from Tunisia's main trade union confederation.

"The economic and social situation continues to worsen," the confederation's head, Noureddine Taboubi, said in a speech to protesters.

Taboubi said the state's ability to service its foreign debt in 2023 had been "to the detriment of the people and resulted in shortages of basic products".

He criticised the implementation of "diktats from the International Monetary Fund" (IMF) at the expense of ordinary Tunisians.

The Tunisian economy is at a standstill with growth of 0.4 per cent and an unemployment rate of 16.4 per cent in 2023, according to the National Institute of Statistics.

Advertisement

Unemployment stood at 15.2 percent at the end of 2022.

President Kais Saied has ruled by decree since a July 2021 power grab and last year rammed through a constitution that gave his office unlimited powers and neutered parliament.

Weathering a grave economic crisis, Tunis concluded an agreement with the IMF in October 2022 for a two billion dollar loan facility.

But loan tranches stalled when the president rejected reforms demanded by the IMF.

Advertisement