TUNISIA - Economic Recovery and Social Inclusion Support Programme (PAREIS)


Project Summary

Approval Date 14 Jul 2021
Planned Completion Date 31 Dec 2022
Last Disbursement Planned Date 31 Dec 2022
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 49,736,809.38
Status Approved

Project General Description

The project is an AfDB loan of EUR 60 million, to the Republic of Tunisia to finance the Economic Recovery and Social Inclusion Support Programme - PAREIS. This operation, which is the Bank’s contribution to multi-donor budget support (2020-2022) for Tunisia, is intended to support post COVID-19 economic recovery while responding more efficiently to the social challenges exacerbated by the pandemic. PAREIS will, therefore, contribute to the achievement of the development objective of the Joint AFD-African Development Bank, World Bank-JICA-KfW Reform Support Programme aimed at strengthening macroeconomic stability in the near-term and gradually controlling the fiscal balances, while contributing to an appropriate response to social demand, in the medium term. The operation’s two focus areas are: (i) acceleration of quick-impact reforms likely to speed up economic recovery and job protection; and (ii) social spending efficiency and efficacy through streamlining and better targeting of social assistance programmes.

Project Objectives

The goal of PAREIS is to contribute to economic recovery by improving the investment climate, job protection and social inclusion. Its main objective is to support the Tunisian Government in its efforts to mitigate the economic and social impacts of COVID 19 by speeding up economic recovery, safeguarding jobs and strengthening social inclusion.

Beneficiaries

The direct beneficiaries of the PAREIS programme will be 12 million inhabitants, self-employed workers impacted by the crisis, especially the lockdown of May 2021, and wage earners who could be laid off or placed on furlough, estimated at 227,000 persons. More specifically, the programme will affect 1.4 million micro-credit applicants and the populations of the hinterland regions benefiting from improved basic infrastructure and access to social services. The programme will also impact the 470,000 lowincome households (beneficiaries of discount health cards) and 260,000 poor families (beneficiaries of permanent cash transfers), plus an estimated 400,000 vulnerable families affected by the health crisis who are not registered in the MAS database. It will also impact farms and provide support to male and female farmers in the wake of natural disasters and will also help to mitigate the impact of the COVID crisis. The indirect beneficiaries are MSMEs, SMEs and national and foreign investors who will benefit from the improved business climate and quality of human capital.

Participating Organization

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

Information

IATI identifier 46002-P-TN-K00-018
Last Update 04 Dec 2021

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Contact Details

Name GUEYE Mouhamed
Email m.gueye@afdb.org

Geographic Location

Country Tunisia