Tunisia - Competitiveness Support Programme III (PAC III)


Project Summary

Approval Date 21 Sep 2005
Signature Date 27 Sep 2005
Planned Completion Date 31 Dec 2007
Last Disbursement Planned Date 31 Dec 2007
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 92,936,064.75
Status Completion

Project General Description

Competitiveness Support Programme III (CSP III) follows the pattern of the Bank’s operations to support Tunisia in its desire to attain a strong and sustainable growth, reduce unemployment rate while continuing to open its economy in tune with the international agreements undertaken in this regard. The reforms undertaken previously in the framework of the Competitiveness Support Programme mainly concerned the banking system and capital markets, the private sector, the new communication technologies sector, the insurance sector and the maintenance of a stable macroeconomic framework. CSP III, which pursues the reforms undertaken in these sectors, was conceived with the perfect concurrence of the Tunisian Government and, like previous programmes, it comes at a time in the country’s economic life marked by two decisive deadlines, namely: the discontinuation of the multifibre arrangement in 2005 and the instauration of the free trade area with the European Union in 2008. Its implementation will contribute to ensure the implementation by the Government of economic policies and orientations for private sector development, through support for the maintenance of a stable macroeconomic framework, improving the private sector investment environment and strengthening the financial sector.

Project Objectives

The specific objective of the programme is to contribute to the attainment of an average annual growth rate of 5.2% during 2005-2006, by implementing three fundamental and interdependent axis of the Government’s economic policy, aimed at promoting greater private sector participation in the attainment of the investments of the 9th Plan, namely: (i) Maintain a stable and responsive macroeconomic framework, mainly through fiscal consolidation and strengthening of Tunisia’s medium term budgetary framework; (ii) Improve the private sector investment environment and encourage new investment opportunities; (iii) Strengthen the financial sector’s contribution to financing growth by supporting the improvement covering of the banking system’s non-performing loans with provisions and by developing alternative sources of financing, especially capital markets.

Beneficiaries

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

Participating Organization

Funding
African Development Bank
Implementing
GOUVERNEMENT DE TUNISIE MINISTERE DES FINANCES

Information

IATI identifier 46002-P-TN-HAA-030
Last Update 30 Sep 2020

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Geographic Location

Country Tunisia