Contact
In Washington
Najat Yamouri
nyamouri@worldbank.org
Washington 24 March, 2009 - The World Bank’s Board of Executive Directors today approved an Integration and Competiveness Development Policy Loan (DPL) in the amount of US 250 million.
This Integration and Competiveness Loan supports the key strategic elements of Tunisia’s 11th National Development Plan (2007-11) which seeks to strengthen growth and ensure that this growth is translated into employment.
The overall objective of the new DPL is to support efforts to deepen Tunisia’s global integration and enhance the capacity of Tunisian firms to exploit the opportunities offered by greater integration. More specifically, the program would support mutually reinforcing the following development objectives:
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Reducing trade transaction costs and deepening Tunisia’s global integration;
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Further improving the business climate to encourage private investment and facilitate business operations and;
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Enhancing the development of the financial sector to increase its capacity to finance investment.
The Integration and Competitiveness Development Policy Loan is a core element of the Bank’s Country Assistance Strategy (FY05-08) and the Country Assistance Strategy Progress Report (2007) that set out an indicative program for FY09-10. It constitutes a strong support of the first pillar of the CAS which seeks to “strengthen the business environment to support the development of a more competitive, internationally integrated private sector and improve competitiveness of the Tunisian economy”.
The new project is also expected to be a major component of the new World Bank/Tunisia Country Partnership Strategy currently under preparation.
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