How does the EIB support SMEs in Tunisia?
Another priority for the EIB is supporting micro, small and medium-sized enterprises (MSMEs). Via the Tunisia Economic Recovery mechanism, the EIB mobilised €170 million to facilitate access to finance for MSMEs, which make up 90% of Tunisia’s business ecosystem and employ 60% of the country’s workforce.
How much money did the European Investment Bank invest in Tunisia?
It signed €35.5 million in funding for education, food resilience and the energy transition. The European Investment Bank (EIB) upheld its strong commitment to Tunisia by signing €415 million in new financing in , consolidating its role as a key partner in the country’s economic and social development.
Why did the EIB invest in Tunisia in ?
In , the EIB backed several strategic initiatives in order to bolster economic and social development in Tunisia. One of these operations is a project to modernise the Sfax-Kasserine corridor, which received €210 million in investment.
What does EIB do in Tunisia?
In Tunisia, the EIB finances projects with high economic and social impact in strategic sectors such as education, urban development, transport and energy. EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance.
How will EIB support SMEs in ?
Now in , we are adapting our support by stepping up finance for sustainable infrastructure, bolstering our support for SMEs, and backing innovative energy and urban planning projects,” said Head of the EIB Representation to Tunisia Jean-Luc Revéreault.
How much money did the EU spend on the Sfax-Kasserine corridor?
It provided €210 million to modernise the Sfax-Kasserine corridor and to improve regional connectivity. It also invested €170 million to increase access to finance for micro, small and medium-sized enterprises (MSMEs). It signed €35.5 million in funding for education, food resilience and the energy transition.
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