NARCO ANALYSIS: Tunisia's Commercial Calamity

Tuesday, December 20, 2022

Geoff D. Porter

So, the legislative elections orchestrated by President Kais Saied on 17 December were a bust. 8% participation rate. Near total rejection of Saied’s power grab. No big surprise.

But parallel to Tunisia’s descent into the political morass is an unfolding commercial calamity. Not only are basic goods becoming a harder and harder to find on store shelves, but Tunisia’s foreign direct investment –lauded by the government as the economy’s saving grace – is slowing to a trickle and is even showing signs of reversing.

Coupled with the country’s political collapse, the deterioration of the investment environment is - to put it plainly - bad.

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