Since the 2011 revolutions that overthrew the autocracy and brought a democratic government, many economic indicators in the country have weakened and state borrowing has increased.
According to World Bank figures, economic growth, which was an average of 4.7% between 2000 and 2010, has been 1.8% on average since then.
The uprising also affected tourism. New public affairs, high salaries and increased subsidies put the economy under pressure. Since 2011, government debt has risen from 41% to 70% of gross domestic product.
Structural reforms to reduce bureaucracy, improve the performance of government agencies and services, and reduce corruption are expected to strengthen the business environment and generate revenue.
CENTER FOR AFRICAN STUDIES
Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.
Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.