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REP. SCHIFF: Yesterday I met with a group of Tunisian business executives who are anxious to help their country in its moment of transition. They told me there are two things the US can do to help them in the next few months if their country is to be reborn. The first is to help locate and repatriate money looted by the Ben Ali family and regime cronies. I hope that we’re involved in that, and I’d love to hear your thoughts on what we’re doing to assist in that regard. This goes for Egypt as well. And the second issue they raised is that of debt forgiveness. As of 2009, Tunisia’s external debt stood at about 19.6 billion (dollars). The country is cast as a lower-middle-income country by the World Bank; it’s therefore not eligible for the heavily indebted poor country initiative or the multilateral debt relief initiative. Are there other mechanisms whereby the US and other stakeholders can work to cancel some part of Tunisia’s debt in order to allow the new government there to redirect resources toward job creation and other initiatives that will help buttress democracy and prevent the intrusion of radical Islam?
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