Tunisia - Competitiveness Support Programme II (PAC II)


Project Summary

Approval Date 28 Nov 2001
Signature Date 29 Nov 2001
Planned Completion Date 31 Dec 2004
Last Disbursement Planned Date 31 Dec 2004
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 145,174,168.68
Status Completion

Project General Description

Competitiveness Support Programme II (PAC II) was in keeping with the continuity of the Bank’s operations aimed at supporting the efforts of the Tunisian authorities concerning their strategy for the reform of the economy with a view to its integration into the EuroMediterranean Free Trade Zone further to the signing of the Association Agreement with the European Union (AAEU). PAC II was a follow-up to PAC I, whose comprised 19 measures broken down among the following five components: (i) restructuring/modernization of the Banking system; (ii) related reform of public and parastatal enterprises; (iii) revitalization of the Treasury securities market; (iv) modernization of monetary management instruments; and (v) strengthening of insurance companies and OPCVM (Undertakings for Collective Investment in Transferable Securities (UCITS)). PAC I was implemented satisfactorily in 2001. In the same way as PAC I, PAC II was designed as a joint programme with a common matrix of measures and disbursement conditions, with the World Bank and the European Union. It comprises 51 measures, including 28 disbursement conditions broken down into four sub-components: (i) the macro-economic framework; (ii) the business and private investment environment; (iii) the consolidation of the insurance and financial sectors; and (iv) ICT sector reform.

Project Objectives

PAC II has the overall objective of consolidating the bases of a competitive economy with a view to enabling Tunisia attain a high and sustainable growth rate as a result of maintaining a stable macro-economic framework and improving private and financial sector competitiveness. Its specific objective was to increase the private sector’s contribution to the growth and competitiveness of the economy.

Beneficiaries

The project will benefit the Government and the Tunisian populatiuon as a whole.

Participating Organization

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

Information

IATI identifier 46002-P-TN-HA0-004
Last Update 31 Oct 2019

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Contact Details

Geographic Location

Country Tunisia