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Tunisia targets to be a financial hub
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10:53, December 07, 2008

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Tunisia seeks to be an international financial center and attract enough investment in its friendly-reformed financial business to meet growth and employment targets, the national radio reported Saturday.

Tunisia will create the Tunis off-shore financial port in order to attract internationally renowned financial institutions to contribute to making Tunisia a regional financial country, said Tawfik Baccar, Tunisia's central bank governor, during his meeting with the U.S Citigroup bank officials.

The North African country is committed to revise financial law as it wants to be in line with off-shore financial institutions, it added.

Baccar underlined the importance of Tunisia's strong cooperation with the American financial institution thanks to its efficient contribution to operations of exports to world financial markets, according to the report.

Banking sector contributed 80 percent to the country's economy. It represents the most important capitalization in the local bourse.

Source: Xinhua



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