Tunisia – Governance and Opportunity Development Policy Loan

WASHINGTON, June 21, 2011 - The World Bank’s Board of Executive Directors today approved the following project:

IBRD Loan: US$250 million and EUR 168.3 million

Terms: Maturity = 30 years; Grace = 5 years 

Project ID: P126094

Program Description: The objective of this project is to support the transition government’s program, focused on governance and employment opportunity.  At the same time, this financial support will also help mitigate the risks of a more economic downturn, which would likely affect the poor the most. The program focuses on measures to strengthen citizen voice and inclusion, government transparency and accountability, and to create economic opportunities for all Tunisians. This loan has been prepared jointly with the African Development Bank (AFDB), the European Union (EU), and the French Development Agency (AFD), in collaboration with the Japanese Development Agency (JICA) and United Nations Development Program (UNDP).

Contact:

Thoko Moyo

(202) 458-8517

tmoyo@worldbank.org

For more information, please visit here.