EconSource: Tunisia Must Show ‘Audacity’ in Reforms– World Bank Report

Follow the latest in economic news and developments  about the Arab transition countries 

Bureaucracy, a lack of competition and a banking system in ruins have ossified the Tunisian economic model, the World Bank said in a new report calling for sweeping reforms. The Unfinished Revolution: Bringing Opportunity, Good Jobs and Greater Wealth To All Tunisians takes a comprehensive analysis of the Tunisian economy since the 2011 uprising. [World Bank]


Egypt needs growth and job creation over economic stability, said Mission Chief of the IMF in Egypt Chris Jarvis during the Euromoney conference. According to Jarvis, there is a “long road” to economic progress, however,  the IMF is willing to be a partner for the Egyptian government. [DNE]


Speaking at the Euromoney conference, Richard Shediac, general manager of Strategy&, an economic consultancy and research company located in the Middle East, said that “we are working in Egypt to create a model of social reform in the Egyptian market”. [DNE]





Also of Interest:

A donation plea for Egypt to live long | Mada Masr

AfDB pledges $500 million in aid to Egypt in 2015 | Amwal al-Ghad

Egypt’s EGPC to buy 65 percent of oil product imports from UAE | Economic Times

Suez Canal corridor project to cost $220 billion over 15 years | Ahram Online

Egypt: Council of Ministers approved the purchase of renewable energy tariffs | Al-Mal (Arabic) 

UFG to drop Egypt lawsuit if Israel import deal cleared-source | Reuters

Op-ed: ‘Egypt needs more than fix-all megaprojects’ | CNN

Morocco announces the creation of five new seaports | Moroccan Times

WB gives Yemen $3 million to develop higher education | Yemen Post

ESCWA: focus on social justice in the Arab region | L’Economiste Maghrebin (French)