Tunisia: World Bank invests more than €72 million to boost SME financing

May 26, 2014

The World Bank has granted a loan of 145 million dinars (€72.6 million) to Tunisia for the financing of small and medium-sized enterprises (SMEs).

The World Bank has granted a loan of 145 million dinars (€72.6 million) to Tunisia for the financing
of
small and medium-sized
enterprises (SMEs).

This funding is part of a loan programme totalling $1.2 billion for Tunisia designed to promote the revival of the Tunisian economy and job creation, Ecofin news agency reports.

This funding comes just weeks after the European Bank for Reconstruction and Development (EBRD) signed a €15 million loan agreement with the International Leasing Company (CIL) to improve the financing of micro, small and medium-sized enterprises (MSMEs) in Tunisia.

The scheme targets MSMEs wishing to acquire equipment, light commercial vehicles, trucks, and trailers, as well as real estate.

In January, the ERBD also granted a €40 million line of credit to BTK Bank in Tunisia
to
support small companies.

The EBRD and the World Bank hope these lines of credit will improve access to finance for Tunisian MSMEs - which represent 95 percent of all businesses - and thus stimulate the economy, which has been weakened by recent political unrest as well as the international financial crisis.ADNFCR-2976-ID-801722819-ADNFCR