Tunisia - Competitiveness Support Programme I (PAC I)


Project Summary

Approval Date 17 Mar 1999
Signature Date 08 Apr 1999
Planned Completion Date 31 Dec 2000
Last Disbursement Planned Date 30 Jun 2001
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 91,804,208.39
Status Completion

Project General Description

The Competitivity Support Programme, which constitutes a stage in the realization of the objectives of the Tunisian Government’s IXth Plan, has been designed, in pursuance of the reforms, particularly those in the financial sector. The support programme will improve financing conditions for non-financial economic operators through more effective mobilization and allocation of resources in accordance with market criteria, within an institutional framework consolidated by application of a new set of prudential regulations. It falls within the continuation of the reforms, and thus benefits from the support of the traditional donors. The programme has five components, namely: (i) Restructuring/modernization of the banking system; (ii) Related reform of public and parastatal enterprises; (iii) Reactivation of the treasury securities market; (iv) Modernization of the financial management instruments; (v) Strengthening of the Insurance Companies and the OPCVMs.

Project Objectives

The overall objective of the programme, which spans the 1999–2000 period, is to consolidate the base of a competitive economy that will enable Tunisia to attain a new growth plateau. The programme seeks to make capital allocation more efficient. Achievement of this objective will be measured by the flexibility level of BCT’s intervention rate in 2000. Furthermore, in 2000, the entire banking system will be despecialized. The financial sector will be governed by a new prudential regulation.

Beneficiaries

The Tunisian Government will be the main beneficiary.

Participating Organization

Funding
African Development Bank
Implementing
MINISTERE DU DEVELOPPEMENT ET DE LA COOPERATION INTERNATIONALE

Information

IATI identifier 46002-P-TN-HA0-003
Last Update 31 Oct 2019

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Geographic Location

Country Tunisia