|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|
|DAC Sector Code||24030|
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.
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.
The Tunisian Government will be the main beneficiary.
African Development Bank
MINISTERE DU DEVELOPPEMENT ET DE LA COOPERATION INTERNATIONALE
|Last Update||31 Oct 2019|