Tunisia: Job creation is the main challenge.
12 December 2011
Read by 1475 persons
Sousse, Tunisia- 'The first challenge facing Tunisia today is job creation, especially for university graduates,' said Eileen Murray, World Bank (WB) resident representative in Tunis. Speaking Friday in Sousse at the 26th session of the Business Days, she stressed that the country needed to invest more in this area, by boosting private investment, setting up new financial incentives for young entrepreneurs, and above all, adopting appropriate educational reform.
Corruption is also, according to her, a scourge that Tunisia must eradicate.
In parallel, Tunisia must boost the technological innovation sector, which will strengthen the competitiveness of companies on the local and international market, said the WB official.
She estimated that Tunisia, the cradle of the Arab Spring, continued to make gigantic efforts to succeed in its democratic transition, which should, according to her, be supported more by the private sector, NGOs and international organizations.
It is with this objective in mind, she recalled, that the WB granted Tunisia a credit line of 50 million dollars, or about 70 million dinars, in 2011, to support access to financing for Tunisian small and medium-sized enterprises (SMEs) and to promote and preserve jobs, particularly in disadvantaged regions.
This credit line, with a total value of 100 million dollars, or 137 million dinars, is co-financed by the SME Finance Fund within the World Bank and the AfDB.
The Fund plans, for the next five years, to make 500 million dollars available to countries in North Africa and the Middle East (MENA) to help them solve 'development problems'.
Afriquejet.com
Published on December 10, 2012.
Posted online on December 12, 2012.
Corruption is also, according to her, a scourge that Tunisia must eradicate.
In parallel, Tunisia must boost the technological innovation sector, which will strengthen the competitiveness of companies on the local and international market, said the WB official.
She estimated that Tunisia, the cradle of the Arab Spring, continued to make gigantic efforts to succeed in its democratic transition, which should, according to her, be supported more by the private sector, NGOs and international organizations.
It is with this objective in mind, she recalled, that the WB granted Tunisia a credit line of 50 million dollars, or about 70 million dinars, in 2011, to support access to financing for Tunisian small and medium-sized enterprises (SMEs) and to promote and preserve jobs, particularly in disadvantaged regions.
This credit line, with a total value of 100 million dollars, or 137 million dinars, is co-financed by the SME Finance Fund within the World Bank and the AfDB.
The Fund plans, for the next five years, to make 500 million dollars available to countries in North Africa and the Middle East (MENA) to help them solve 'development problems'.
Afriquejet.com
Published on December 10, 2012.
Posted online on December 12, 2012.
