Written by: Ahmed Awaad

Tunisia plans to hold an international economic summit by the end of 2015, said Slim Chaker, finance and economic minister.

The country aims to raise $10 billion in investments through the summit, said Chaker on the side line of the annual meeting of Arab Financial Institutions.

"We expect economic growth of 3% in the current fiscal year”, added Chaker

The North African country faces pressure from its creditors to cut public spending and reform politically sensitive subsidies on basic foods and fuel that are a hangover from the previous regime's statist policies.

However, the new Tunisian government said recently it set up to launch a new economic plan for the 2016-2020 period with the objective of reaching an annual 7% GDP growth.

Translated by: Shaimaa ELSarky