The World Bank has authorized a $120 million loan for Tunisia to support access to finance for Tunisian small and medium enterprises, the bank stated in statement.The project intends to address the main long-lasting liquidity constraints dealt with by Tunisian companies by funding long-term credit lines that will be on-lent by the Ministry of Finance to getting involved financial institutions.
The COVID-19 pandemic and the war in Ukraine have caused macroeconomic imbalances in Tunisia, which have actually exacerbated challenges dealt with by SMEs and weakened their efficiency and monetary health, said Alexandre Arrobbio, World Bank Country Manager for Tunisia.Source-- Reuters-Agencies
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