Strengthening the Tunisian-American Relations
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Economy

1. AZIZA OTHMANA PHILANTHROPY PROJECT:

-Project Director: 

The organization continuously collects (tax-deductible) contributions to  enable it to donate to a variety of worthy causes , honoring the legacy of the 17th Century great Tunisian philanthropist Aziza Othmana.

 ”SPRING FOR CHANGE”

 

 

 

 

 

 

 

 

 

 

You may. also, send a check/money order to:
Tunisian Community Center
PO Box 837
Clifton Park, NY 12065
***The Tunisian Community Center is a 501(c)3 tax-exempt organization. Donations are tax-deductible

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2. THE TUNISIAN EXTERNAL DEBT

-Project Director: Mondher Smida

Ibn Khaldun Institute

-SHOULD TUNISIA BE LIABLE FOR MONEY BORROWED BY A DICTATOR

-PETITIONING THE GOVERNMENTS OF THE UNITED STATES AND TUNISIA:

Solve the Tunisian External Debt

Petition Letter:

Having initiated the Arab Spring, freeing the people of Tunisia from their massive foreign debt would help them complete their country’s democratic transition.

A government’s debt can be successfully challenged based on four (4) principles:

a- The loans were unacceptable. These include odious loans, or loans contracted by despotic regimes against the best interests of their people.

b- The terms and/or conditions of the loans were unacceptable. These include loans with usurious interest rates.

c- The loans were inappropriate. These include loans granted for the purchase of weapons by a regime known to be oppressive.

d- The terms and/or conditions of the loans were inappropriate. These include loans issued by lenders who failed to follow due diligence procedures.

As it is evident that part of Tunisia’s debt falls into each if these four (4) categories, the current situation is further exacerbated by the facts that Tunisia:

a- Disbursed $22B over the 23-year regime of former dictator Zine El-Abidine Ben Ali, of which $11.7B were for interest payments alone.

b- Still owes $20.1B to international creditors.

c- Is reimbursing $160 for every $100 borrowed by a dictator.

d- Is budgeted to borrow, in 2012, $2.8B from international lenders and, at the same time, is scheduled to make a $2.7B payment on the debt.

I, therefore, enthusiastically support the campaign to:

1- Engage both government agencies and civil society entities in implementing meaningful and collaborative solutions to managing the external debt of post-revolution Tunisia.

2- Draft into the new Tunisian Constitution legislations that prevent future acquisitions of illegitimate debts.

Sincerely,

[Your name]

SIGN THE PETITION

Also remember to tell people about the petition: Tunisia’s External Debt.

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