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Thursday, April 21, 2011

Tunisia: Call for the immediate suspension of debt repayment http://www.cadtm.org/Tunisia-Call-for-the-immediate

Tunisia urgently needs to marshal all of its financial resources to meet immediate needs, including extreme poverty, benefits for the unemployed, improving workers’ material conditions, etc. Meanwhile, we’re getting reports of foreign initiatives to develop an emergency “aid” package for Tunisia, (...)including 17 million euros from the European Commission and 350,000 euros from the French state. The European Investment Bank and the African Development Bank are also preparing to lend Tunisia millions of euros.

We don’t need to add to our debt, because Tunisia already has sufficient financial resources to address the current social emergency, as proven by a statement on the part of Mustapha Nabli. The former senior executive of the World Bank, ex-finance minister under Ben Ali and, since January 15, 2011, governor of Tunisia’s Central Bank, has announced he intends to allocate 577 million euros from the country’s budget to service the 2011 external public debt!

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