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World Bank lends Tunisia $120m to finance small, medium enterprises

Last updated: February 9, 2023 12:06 pm
3 years ago
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1 Min Read
World Bank
World Bank

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

Also Read: 44,000 women affinity groups in Kebbi benefit from world bank project

“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

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