Tunisia - Line of Credit in Support of Small and Medium-Sized Enterprises

Project Summary

Approval Date 13 Jul 2011
Signature Date 19 Sep 2011
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Environmental Category 4
Commitment U.A 26,520,369.99
Status Completion

Project General Description

The proposed project is for an extension of a Line of Credit (LoC) of € 34,8 mn to the Republic of Tunisia (RoT) as an immediate crisis response tool to support the SME sector during the transition. It will be used to support the most vulnerable productive segment of the economy representing more than 90% of its productive capacity. This SME APEX Facility will be implemented and managed by the Central Bank of Tunisia (CBT) to support SMEs via eligible Participating Financial Institutions (PFIs). The loans will be available to existing SMEs and new projects. The Bank also considers Technical Assistance (TA) from the MIC Fund to support the enabling environment at the regulatory level and from FAPA to strengthen eligible financial institutions (FIs) as well as the SME sector. This project fits squarely with the Budget Support Program (BSP) recently approved by the Board as it aims at maintaining and creating employment, further improve the enabling environment and make financing available to entrepreneurs in all governorates in the country.

Project Objectives

The project will mobilize significant financial resources for SMEs in Tunisia, helping to alleviate the financial constraints encountered in this transition. It is expected to help SMEs maintaining their workforce, new job creation, improve households’ benefits and government revenue. The objective is also to support access to financing for the entrepreneurs in the regions of the interior of the country, which have long been neglected under the previous regime.


The proceeds of the LoC will be utilized by the RoT to support SMEs in various sectors of the economy which have demonstrated their viability but may require additional funding as the economy is experiencing a slowdown. It is expected that sectors covered will be: agroprocessing, manufacturing, construction, innovative projects including renewable energy, transportation and services. Real estate promoters and hotels will not fall within the eligibility criteria. The LoC is expected to contribute to further strengthen SMEs and SMEs lending practices as a productive segment of the economy.

Participating Organization

African Development Bank


IATI identifier 46002-P-TN-HAA-037
Last Update 05 Oct 2022


Contact Details

Email private-sector@afdb.org

Geographic Location

Country Tunisia
Coordinates Location Name
36.81897 10.16579 Tunis