“Doing business”: WB makes available to Tunisia human and financial resources to improve its ranking

The International Finance Corporation (IFC), a member of the World Bank (WB) Group, provides Tunisia with all the necessary financial and human resources to help it ranks 50th globally and third in the Arab World and Africa in the 2020 Doing Business report, said its Resident Representative in Tunisia, Georges Joseph Ghorra. The institution will form work teams to determine the indicators related to this report that Tunisia could easily develop and improve, he added at a conference in Tunis for the presentation of the work strategy agreed to improve…

EBRD Supports Microfinance in Tunisia (The Financial)

The EBRD is strengthening access to local currency loans for micro, small and medium-sized enterprises (MSMEs) by signing a credit line with Enda Tamweel, the largest microfinance institution in Tunisia, the Financial reports. The Bank’s MSME credit line of €5 million (TND17 million) will increase the availability of financing for Tunisian small businesses. In a country with a population of 11 million people, the SME sector plays an integral role in the Tunisian economy. However, only 15 per cent of MSMEs in the country have bank loans, while 58 per…

Tunisia’s inflation stable at 7.4 % in November

Tunisia’s inflation rate remained at 7.4 % in November, the third consecutive month at that figure, official data showed on Wednesday, according to Reuters. Inflation has fallen from 7.5 % in August and 7.8 % in June, Reuters added. In May, Tunisia’s central bank raised its key interest rate by 100 basis points to 6.75 %, the second hike in three months, to tackle inflation. TunisianMonitorOnline