Finance
World Bank lends Tunisia $120 mln to finance small and medium firms
TUNIS, Feb 9 (Reuters) – The World Financial institution has authorized a $120 million mortgage for Tunisia to help entry to finance for Tunisian small and medium enterprises, the financial institution stated in assertion.
The venture goals to handle the first long-term liquidity constraints confronted by Tunisian corporations by financing long-term traces of credit score that will probably be on-lent by the Ministry of Finance to taking part monetary establishments.
“The COVID-19 pandemic and the struggle in Ukraine have triggered macroeconomic imbalances in Tunisia, which have exacerbated challenges confronted by SMEs and weakened their efficiency and monetary well being,” stated Alexandre Arrobbio, World Financial institution Nation Supervisor for Tunisia.
Reporting by Tarek Amara
Enhancing by Tomasz Janowski
Our Requirements: The Thomson Reuters Belief Rules.