The World Bank has approved a $120 million loan for Tunisia to support access to finance for small and medium enterprises.
In a statement, the Bank said the project aims to address the primary long-term liquidity constraints faced by Tunisian firms by financing long-term lines of credit that will be on-lent by the Ministry of Finance to participating financial institutions.
Justifying the facility, World Bank Country Manager for Tunisia, Alexandre Arrobbio said
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“The COVID-19 pandemic and the war in Ukraine have caused macroeconomic imbalances in Tunisia, which have exacerbated challenges faced by SMEs and weakened their performance and financial health”.
Editor Oloyede Oworu
