{"id":75459,"date":"2023-01-05T01:51:43","date_gmt":"2023-01-05T01:51:43","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/01\/05\/tunisia-earmarks-usd-12-3-bn-in-public-spending-for-new-green-development-plan\/"},"modified":"2023-01-05T01:51:43","modified_gmt":"2023-01-05T01:51:43","slug":"tunisia-earmarks-usd-12-3-bn-in-public-spending-for-new-green-development-plan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/01\/05\/tunisia-earmarks-usd-12-3-bn-in-public-spending-for-new-green-development-plan\/","title":{"rendered":"Tunisia earmarks USD 12.3 bn in public spending for new green development plan"},"content":{"rendered":"

<\/a> Tunisia\u2019s new public policy targets greener agriculture: <\/strong>Tunisia\u2019s government unveiled a 2023-2025 development plan aiming to \u201cgreenify\u201d its agricultural industry, increase phosphate production, address rising poverty and spur more private sector investment, French daily publication Le Monde<\/a> reports.<\/p>\n

The financials:<\/strong> The country plans to allocate some USD 12.3 bn for the development program through public spending from 2023-2025, Le Monde notes. It\u2019s also looking to bring in private sector participation through facilitating public-private partnerships, among other things. Tunisia is hoping to increase the private sector\u2019s share of investments in the program to 60% over the three years.<\/p>\n

The recently-agreed IMF loan could help drive these developments: <\/strong>Tunisia\u2019s USD 1.9 bn IMF package, agreed upon in October<\/a>, contains provisions designed to help the country build climate change resilience, we noted at the time. These requirements include measures to promote investment in renewables, land and water management, to preserve the country\u2019s coastline, and support agriculture, health, and tourism. Tunisia is still awaiting the final green light from the IMF for the dispersal of funds \u2014 which should then spur other international support \u2014 Le Monde notes.<\/p>\n

The \u201cgreen\u201d elements of the plan are focused on resource use:<\/strong> Tunisian authorities will seek to support startups that are addressing the issues of water scarcity and drought through innovations in water reuse, Le Monde notes. The government is also set to authorize the use of agricultural land for renewables projects \u2014 notably in wind and solar energy, it adds.<\/p>\n

And a leap in phosphate production: <\/strong>Tunisia\u2019s three-year plan is targeting an increase in annual phosphate production to 5.6 mn tons in 2023 and 12 mn tons in 2025 \u2014 up from its current 3.7 mn tons, Le Monde notes. Phosphates are among the country\u2019s few natural resources, but their production has decreased dramatically over the past decade, the outlet adds.<\/p>\n

We can assume this is meant to enhance food security: <\/strong>Phosphorus \u2014 the mineral found in phosphates \u2014 is essential for the growth of food, but its supply is \u201cincreasingly disrupted,\u201d raising the risk of a global food crisis, notes a recent article in the Conversation<\/a>. Tunisia is particularly vulnerable to food crises, having been recently identified<\/a> by the IFC as one of several Arab countries (including Yemen, Iraq, Lebanon, and Libya) potentially in need of support from its soon-to-be-launched USD 6 bn global food security platform.<\/p>\n

But there\u2019s a catch:<\/strong> Phosphate mining has substantial environmental impacts<\/a>, including air pollution, water contamination, and the degradation of wildlife.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tunisia\u2019s new public policy targets greener agriculture: Tunisia\u2019s government unveiled a 2023-2025 development plan aiming to \u201cgreenify\u201d its agricultural industry, increase phosphate production, address rising poverty and spur more private sector investment, French daily publication Le Monde reports. The financials: The country plans to allocate some USD 12.3 bn for the development program through public […]<\/p>\n","protected":false},"author":1,"featured_media":75460,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[363],"tags":[707,362,11,391,516,1418,294],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-75459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-policy","tag-agriculture","tag-climate-policy","tag-enterpriseclimate","tag-food-security","tag-investment","tag-phosphates","tag-tunisia","wpautop","entry"],"acf":{"mongo_id":"9fbd593d-b6c0-4f94-b102-80181d081c22","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/910.jpg","photo_position":"above","related_issue":[75454],"teaser":"","voice_url":""},"yoast_head":"\nTunisia earmarks USD 12.3 bn in public spending for new green development plan - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/05\/tunisia-earmarks-usd-12-3-bn-in-public-spending-for-new-green-development-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tunisia earmarks USD 12.3 bn in public spending for new green development plan\" \/>\n<meta property=\"og:description\" content=\"Tunisia\u2019s new public policy targets greener agriculture: Tunisia\u2019s government unveiled a 2023-2025 development plan aiming to \u201cgreenify\u201d its agricultural industry, increase phosphate production, address rising poverty and spur more private sector investment, French daily publication Le Monde reports. 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