Tunisia - Fourth Line of Credit to Investment Bank of Tunisia and the Emirates (BTEI)

Project Summary

Approval Date 20 Dec 2002
Signature Date 31 Dec 2002
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 31,575,212.49
Status Completion

Project General Description

The proposed line of credit falls within the strategy framework defined by the Government in the Xth Development Plan aimed at strengthening the contribution of Tunisian banks in the financing of productive investment and development of the private sector, particularly SMEs. The line of credit is intended to strengthen the contribution of the private sector in fixed gross capital formation, which is expected to reach 60% by the end of the Xth plan in 2006. It will particularly affect the manufacturing industrial sector, which constitutes one of the key engines of growth, employment creation and balance of payments equilibrium. Estimates were made according to the reserve of projects and the expected outputs are: i) for tourism, fifteen (15) units of four (4) stars and ten (10) three-(3)-star hotel units will be constructed or refurbished. These hotel units will enhance accommodation capacity by 14,500 beds; ii) for industry and services, fifteen (15) industrial plants which will be chiefly created in construction materials sub-sector, food industry and commercial services. Industrial units and services will mainly entail new creations, expansions and renovations. The line of credit also comes in support to the BTEI’s efforts to strengthen long-term resources it needs in the new context of the Tunisian banking sector marked by an increasing competition. It is programmed to be implemented over three (3) years.

Project Objectives

The main purpose of the line of credit will be to fund the creation, expansion or renovation/rehabilitation of small- and medium-sized enterprises notably in the industrial and tourist sectors as well as other services. It will help enhance the contribution of the said sectors to the country’s economic growth and foster poverty reduction through employment creation. The line of credit will contribute to covering the financing needs of private economic operators and, consequently, help strengthen the role of the private sector in the economic activity of Tunisia.


On the whole, it is expected that the line of credit will benefit the disadvantaged population groups in urban areas, through the creation of unskilled labour. It is expected that nearly forty enterprises in the industry and tourism sectors will be the major beneficiaries.

Participating Organization

African Development Bank
Banque de Tunisie et des Emirats d'Investissements


IATI identifier 46002-P-TN-HAA-027
Last Update 21 Mar 2023


Geographic Location

Country Tunisia
Coordinates Location Name
34.0 9.0 Tunisia