Tunisia: EBRD wants to strengthen SMEs' access to bank loans

Jun 25, 2014

The European Bank for Reconstruction and Development (EBRD) said its priority in Tunisia is to restructure the financial sector in order to support access to credit for small and medium-sized enterprises (SMEs).

The European Bank for Reconstruction and Development (EBRD) said its priority in Tunisia is to restructure the financial sector in order to support access to credit for small and medium-sized enterprises (SMEs).

Its president, Suma Chakrabarti, explained in an interview with TAP news agency that EBRD believes SMEs are a great lever of growth and job creation and that providing long-term financing will support access to credit and growth.

He added that the bank has already put in place technical assistance projects in Tunisia financed by donor countries to provide know-how to SMEs.

"We started to invest our own funds in September 2012 and to date, we have invested more than €140 million in a dozen projects," he said.

The bank also wants to contribute to the introduction of new products in the banking sector to make
the
financial sector more efficient.

"We will work with banks and leasing companies to increase lending to businesses - through lines of credit and technical assistance - and to help them improve their governance and operational standards," concluded Mr Chakrabarti.ADNFCR-2976-ID-801730764-ADNFCR