Economics

Funds Roll in as Tunisia Taps Investors for Economic Revival

  • Tunisia president says nation needs ‘exceptional support’
  • European Investment Bank, Turkey, Kuwait also offer aid

Tunisia's prime minister Youssef Chahed

Photographer: Francois Mori/AP Photo
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Gulf Arab states, France and international institutions stepped in with billions of dollars in aid for Tunisia, as the birthplace of the Arab Spring tapped investors to revive a stalling economy yet to recover from major terrorist attacks.

Qatari Sheikh Tamim bin Hamad Al Thani set the tone on the first day of a two-day investment conference in the capital, Tunis, pledging $1.25 billion. President Beji Caid Essebsi told the world leaders, international financial institutions and company chiefs assembled there that his North African nation faced an “exceptional situation and needed exceptional support.”