The Tunisian government has received $ 500 million loan from the World Bank to enable the North African country carry out key reforms, boost economic growth and create jobs.
“The reforms which this financing supports will help Tunisia improve employment opportunities while ensuring better social services and more transparent government”, says Inger Andersen, Vice President for Middle East and North Africa at the World Bank
The reform program worked out by the Tunisian government seeks aim to improve the business environment, enhance transparency for investments, strengthen the financial sector stability, upgrade social & healthcare services and improve public access to information.
The Tunisian authorities are also busy working in partnership with the private sector to simplify regulations in a bid to reduce corruption and encourage private sector investment, particularly for small and medium firms through tax incentives.
To ensure better, more transparent and accountable governance, the World Bank supported earlier Tunisia’s “Access to Information Law”, one of the first of its kind in the region. As a result, the Ministry of Finance now publishes monthly data on budget execution, and is preparing an interactive web platform to open access to data on public finances.
Before granting Tunisia this new loan supporting its efforts for inclusive growth and political transition, the WB conducted broad stakeholder consultations with the administration, civil society and the private sector.