World Bank loans Tunisia $120m to support SMEs

The World Bank has agreed to grant Tunisia a $120 million loan earmarked to facilitate access to funding by Small and Medium Enterprises (SMEs).

The announcement was made by WB vice-president for MENA region, Farid Belhaj.

The credit will be dished out to financial institutions by the Ministry of Finance and then to SMEs qualified for it.

A survey carried out by the World Bank on business activities in the North African country in 2020 revealed that 43.9 per cent of Tunisian SMEs could not access funding, compared to 21.9 per cent in 2013.