World Bank Approves $120 Million For Tunisia

The World Bank has approved a $120 million loan for Tunisia.

In a statement, the bank said the loan is aimed at supporting Tunisian small and medium enterprises.

Report says 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.

“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,” World Bank Country Manager for Tunisia, Alexandre Arrobbio said.

REUTERS/Christopher Ojilere