Tunisia - Seventh Line of Credit to the « Banque de Développement économique de la Tunisie (BDET) »


Project Summary

Approval Date 17 May 2000
Signature Date 29 May 2000
Planned Completion Date 31 Dec 2003
Last Disbursement Planned Date 31 Dec 2003
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 63,954,077.85
Status Completion

Project General Description

The project to grant a seventh line of credit of UA 60 million to Economic Development Bank of Tunisia (BDET) is consistent with relations between the Bank and BDET that date back to 1976, when the first line of credit was awarded. This project was identified during the sixth line of credit completion mission to this institution in September 1997. The line of credit is a contribution to the private sector which under the IXth plan (1997-2001) has been earmarked an investment package representing nearly 56% of the gross fixed capital formation planned for the period under review. It is also in line with BDET’s efforts to mobilise resources with a view to attaining the objectives of its programme contract which became effective on 1st January 1997. In the manner of the previous lines, this line will be committed in two years.

Project Objectives

The project’s objective is to finance the creation, extension and modernisation of SMEs in all sectors of the economy (industries, tourism, agriculture and other marketing services).

Beneficiaries

According to estimates, the line of credit will finance about sixty SMEs sub-projects that are economically viable, sound, and environmentally friendly. Most of the sub-projects will be in the industries and tourism sectors which are effective levers for growth, job creation and balance of payments stability.

Participating Organization

Funding
African Development Bank
Implementing
BANQUE DE DEVELOPPEMENT ECONOMIQUE DE TUNISIE

Information

IATI identifier 46002-P-TN-HAA-023
Last Update 31 Oct 2019

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Geographic Location

Country Tunisia