In a bold move, Tunisia’s president fired Finance Minister Sihem Boughdiri on Wednesday. Judge Michkat Khaldi has been appointed as her replacement and took the oath at Carthage Palace. Boughdiri, who served since 2021, was removed during a period of financial instability.
Tunisia is struggling with a severe economic crisis. Public finances are in disarray, leading to shortages of essentials like sugar, rice, coffee, and cooking gas. This crisis highlights the urgent need for effective financial management to stabilize the economy.
Khaldi, previously the head of the Criminal Reconciliation Committee, has a reputation for integrity. Her committee negotiated settlements with businessmen accused of corruption, recovering funds for the state.
To address the financial turmoil, the government has taken drastic steps. Taxes on middle- and high-income earners have been raised. Additionally, $2.2 billion was borrowed from the central bank to meet urgent debts. These measures show the government’s determination to navigate through the crisis.
Khaldi’s appointment is seen as a strategic move to bring fresh leadership to Tunisia’s troubled economy. With her background in law and anti-corruption, Khaldi is expected to prioritize financial discipline. As she takes on this role, her strategies and actions will be closely watched.