Experts Pour Cold Water On Tunisia BRICS ‘Bid’

Via Al Monitor, a report on Tunisia’s potential bid to join the BRICS block,

Analysts are skeptical about an announcement made by supporters of Tunisia’s populist President Kais Saied that the North African country wants to join BRICS, a group of leading emerging economies comprising Brazil, Russia, India, China, and South Africa that is often seen as an alternative to the Western hegemony.

On Saturday, Mahmoud bin Mabrouk, spokesman for the pro-Saied July 25 Movement in Tunisia, said that his country has plans to join the five-nation bloc.

“We will accept no dictates or interference in Tunisia’s internal affairs. We are negotiating the terms, but we refuse to receive instructions and the EU’s agenda,” bin Mabrouk said, in remarks made to the Arab News Agency.

The spokesperson described “a political, economic and financial alternative that will enable Tunisia to open up to the new world.”

In November, Algeria filed an official application to join BRICS and bin Mabrouk said Tunisia would follow in its North African neighbor’s footsteps. Egypt has also announced its intention to join the bloc.

However, following bin Mabrouk’s remarks, there has been no official confirmation of Tunisia’s intention to join BRICS, and experts poured cold water on the announced “bid”.

No official word

Sharan Grewal, a nonresident fellow in the Center for Middle East Policy at Brookings, told Al-Monitor that the bid does not appear to official from Tunis yet. “It’s not clear how official this bid is — it didn’t come from President Kais Saied or any governmental official, it came from one of the many small, new political movements that have emerged in support of the president since 2021,” Grewal said.

“The July 25 movement is not Saied’s political party — he doesn’t have one — and it’s not clear what contacts or links there even are between them.”

He said it was plausible Saied would want to join the BRICS, given his populist, nationalist and anti-Western orientation that appeals to some Tunisians.

The Magrebhi country has been at an impasse in securing a $2 billion bailout package from the International Monetary Fund, with the president rejecting the agreement proposed by the UN financial agency.

“He [Saied] has railed against the proposed IMF program — that his own government negotiated — as a foreign diktat, and so he could in theory be viewing the BRICS as an alternative mechanism for foreign aid and support,” Grewal added.

“But in my mind the more plausible story here is that this statement is designed to put pressure on the IMF ahead of its Spring Meetings to grant the loan to Tunisia even without Saied publicly committing to his government’s economic reform plan.

“Wielding the outside option of China in particular is likely to tap into paranoias in Washington that might lead US officials to support the IMF loan despite their reservations about Saied.”

Chinese and Russian press have expressed support for Tunisia’s bid, though it is unclear whether the two behemoths will seriously back the debt-saddled North African country joining the alliance.

The 14th #BRICS summit’s Beijing Declaration made clear the organization supports membership expansion; China upholds the BRICS spirit of openness, win-win cooperation to accelerate the process, Chinese Foreign Ministry said Monday on Tunisia’s reported bid to join BRICS. pic.twitter.com/SuH7HlMnko

— Global Times (@globaltimesnews) April 10, 2023
Dr. Sabina Henneberg, Soref Fellow at The Washington Institute for Near East Policy, said that Tunisia was likely too politically and economically unstable at this point to be welcomed into BRICS.

“Even Egypt and Algeria, which have both made bids and are much bigger countries economically and militarily, will not automatically join the alliance. Tunisia is also much smaller than all the other BRICS countries so if it were to join this could open the doors for all kinds of other countries to make bids.”

Economic reforms needed

She pointed out that Tunisia is in need of important structural economic reforms in order to resume pre-2011 levels of GDP growth and avoid long-term debt.

“Beyond that, Tunisia would probably need to acquire more of a reputation as an international powerhouse – recently it has been trying to assert an anti-Western position but not necessarily with strong contributions to the global economy to offer,” she added. Hennenberg said that Tunisia’s historical ties with Western countries like the US will also mean that it will need to demonstrate stronger anti-West credentials.

Grewal is also doubtful that China or any BRICS member would be willing to invest heavily in Tunisia without an IMF rescue program. He pointed out that last month, the Chinese ambassador announced that they supported Tunisia’s negotiations with the IMF.

Although not BRICS members, elsewhere in the region, Saudi Arabia and the United Arab Emirates have similarly been hesitant, saying that there will be any real return on investment in Tunisia without the reforms proposed by the IMF.

Alexandra Blackman, assistant professor of government at Cornell University, said that one of the guiding principles of Tunisian politics, especially under Saied, is the rejection of foreign interference in Tunisian affairs, and this mantra has been repeated throughout the IMF negotiations.

She said BRICS may seem more appealing as it is perceived at coming with less foreign interference than the IMF, which some critics say is too aligned to US policy.

“However, while BRICS membership may not entail the same conditionalities that an IMF loan might, it also may not provide guaranteed funding quickly and joining BRICS could open the Saied regime to new critiques regarding foreign interference by other actors. For these reasons, Tunisia is unlikely to join the alliance at this point,” Blackman added.

Although it is not likely in the foreseeable future that changes in Tunisia’s politics, such as access to reliable funding, new attitudes about perceived foreign interference and preferred donors will come to fruition, such a shift could alter the calculus regarding BRICS, she said.



This entry was posted on Thursday, April 13th, 2023 at 4:07 am and is filed under Tunisia.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

Comments are closed.


ABOUT
WILDCATS AND BLACK SHEEP
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.