(Ecofin Agency) - The World Bank has approved the disbursement of $175 million to help Tunisia face the economic and health impacts of the coronavirus pandemic. The money is granted under the Emergency Development Policy Operation.

According to the Bank, the financing primarily targets vulnerable families and businesses; part of the money will finance key economic reforms aiming at improving the country’s capacity to bounce back after the crisis, stimulating its competitiveness in a context that forces countries to restructure the global value and distribution chains.

It should be noted that this funding is part of a major coordinated international support program backed by the World Bank, German development bank KfW, French Development Agency (AFD), Japan International Cooperation Agency (JICA), and the African Development Bank.

André Chadrak