The World Bank has approved a $120 million loan for Tunisia to support access to finance for Tunisian Small and Medium Enterprises (SMEs).
According to a World Bank press release, 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-lend by the Ministry of Finance to participating financial institutions for lending to eligible SMEs.
World Bank Country Manager for Tunisia Alexandre Arrobbio said: "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."
M A S
QNA 1108 GMT 2023/02/09
