EIB could inject up to €1.87 billion into the Tunisian economy.
4 August 2011
Read by 1485 persons
Following its meetings with Tunisian authorities in March 2011, the EIB estimated Tunisian priority funding needs for economic and social development at a total of €1.87 billion (over 3.6 billion dinars). The EIB estimated that the concrete implementation of projects on the ground will allow these funds to be injected into the Tunisian economy.
List of projects that the EIB can help finance:
- Accelerate the implementation of public projects, particularly in the sanitation, energy and road infrastructure sectors (€1 billion, or nearly 2 billion dinars);
- Support the creation and development of SMEs through the mobilization of EIB credit lines with Tunisian banks and leasing companies (€260 million, or 500 million dinars);
- Support the construction of the new Mdhilla plant of the Tunisian Chemical Group, a modern unit developed to the highest environmental standards. This support will consolidate this group's export position (€140 million, or 270 million dinars);
- Implementation of a vast road modernization program, carried out by the Directorate of Bridges and Roads throughout the country (€160 million, or 310 million dinars);
- Finance several significant projects in the following areas: Small and Medium Enterprises, particularly in disadvantaged areas, energy (gas sector), equipment for local authorities throughout the country (roads, public lighting, drinking water, wastewater treatment, household waste treatment, socio-collective equipment), and microcredit. The total amount allocated will be around €310 million, or more than 600 million dinars.
These projects will have a direct impact on job creation in Tunisia. They are the spearhead of European cooperation, which is expected to strengthen significantly in the Mediterranean countries.
"The freedom that Tunisians are regaining could allow them to have a higher growth rate of several points of GDP per year." Philippe de Fontaine Vive also stated that "we must act quickly and very effectively so that the hope of a better future does not give way to a major economic and social conflagration."
Posted online on August 2, 2011.
Published on August 4, 2011.
Webmanagercenter.com
List of projects that the EIB can help finance:
- Accelerate the implementation of public projects, particularly in the sanitation, energy and road infrastructure sectors (€1 billion, or nearly 2 billion dinars);
- Support the creation and development of SMEs through the mobilization of EIB credit lines with Tunisian banks and leasing companies (€260 million, or 500 million dinars);
- Support the construction of the new Mdhilla plant of the Tunisian Chemical Group, a modern unit developed to the highest environmental standards. This support will consolidate this group's export position (€140 million, or 270 million dinars);
- Implementation of a vast road modernization program, carried out by the Directorate of Bridges and Roads throughout the country (€160 million, or 310 million dinars);
- Finance several significant projects in the following areas: Small and Medium Enterprises, particularly in disadvantaged areas, energy (gas sector), equipment for local authorities throughout the country (roads, public lighting, drinking water, wastewater treatment, household waste treatment, socio-collective equipment), and microcredit. The total amount allocated will be around €310 million, or more than 600 million dinars.
These projects will have a direct impact on job creation in Tunisia. They are the spearhead of European cooperation, which is expected to strengthen significantly in the Mediterranean countries.
"The freedom that Tunisians are regaining could allow them to have a higher growth rate of several points of GDP per year." Philippe de Fontaine Vive also stated that "we must act quickly and very effectively so that the hope of a better future does not give way to a major economic and social conflagration."
Posted online on August 2, 2011.
Published on August 4, 2011.
Webmanagercenter.com
