Public Management

World Bank supports the fight against poverty in Tunisia with $300mln

World Bank supports the fight against poverty in Tunisia with $300mln
Tuesday, 16 March 2021 11:05

Tunisia will benefit from the financing of $300 million granted by the World Bank to continue its fight against poverty. This was reported yesterday, March 15, by Ferid Belhaj, the World Bank’s Vice President for MENA, following a meeting with the Tunisian President Kaïs Saïed.

According to figures provided by the Center for Economic and Social Studies and Research and relayed by the African Development Bank (AfDB), Tunisia's poverty rate, which had fallen from 20.5% in 2010 to 15.2% in 2016, rose by 30% between 2014 and 2018. The situation is expected to deteriorate further with the covid-19 pandemic pushing the country into recession and causing job losses in several key sectors of the economy.

Ferid Belhaj says the World Bank financing will help one million Tunisian families, at a time when the government is seeking funding to recover its sluggish economy affected by rising unemployment and a worrying debt. Tunisia plans to borrow up to $7.2 billion to finance its 2021 state budget.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Company seeks to raise 485.8 billion naira through share offering Funds to support expansion and reduce debt Strategy aims to boost local sugar...
AFC raises $100 million from India’s Exim Bank over five years Funding to support infrastructure and industrial projects in Africa Deal reflects...
New fund aims to mobilize CFA200 billion to finance 300,000 projects Targets SMEs and rural economy through Sharia-compliant financing Move seeks to...
France will provide a €100 million ($117.5 million) loan to support urban infrastructure in South Africa. The funding complements a $925...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
04

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
05

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...

MTN Ghana tightens controls on mobile money agents over fraud concerns
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.