Africa Financial Sector Response to Covid-19-Tunisia

Jul 23, 2020

This page presents measures and initiatives by the Tunisian government, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.

Disclaimer: This page contains information and links from third parties. These links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by MFW4A.

Instrument

Institution

Financing volume

Description

 Multilateral line of credit

International finance corporation

USD 26 million

(July 14, 2020) One Tech Holding has obtained financing of EUR 23 million (USD 26 million) to support its development in Tunisia and Morocco and to stimulate job creation and economic growth in these two Maghreb countries, which are facing the effects of the COVID-19 pandemic.

 Multilateral line of credit

International finance corporation (IFC)

USD 11 million

(June 25, 2020) IFC is supporting agriculture, which is a key sector. This financing of EUR 10 million (USD 11 million) to the Tunisian date processing company VACPA will help to preserve many jobs during the Covid-19 pandemic.

 Multilateral line of credit

African development bank

USD 202 million

(June 03, 2020) This funding in support of the national response to Covid-19 through social inclusion and employment aims to support the rapid recovery of the economy and save more than 400 exporting companies and 250,000 individual businesses from bankruptcy. 

Solidarity Fund

Government

USD 70 million

 (May 01, 2020) The government has set up a solidarity fund to fight COVID-19 open for individuals and companies contributions. This fund has raised 200 million dinars (USD 70 million).

Financial support measures for the private sector

Government

USD 870 million

(March 24, 2020) Disbursement of 2.5 billion dinars (USD 870 million) to mitigate the economic impact of COVID-19, support and relieve the cash flow of companies through measures such as deferring monthly loan payments.

 


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