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TunisiaEBRD, EU and Attijari bank strengthen small businesses in Tunisia
The European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), is facilitating access to finance for Tunisian micro, small and medium-sized enterprises (MSMEs).
The Bank is providing Attijari bank with an unfunded risk-sharing guarantee on 50 per cent of a loan to Compagnie Internationale de Leasing (CIL), one of the largest leasing companies in the country, which is listed on the Tunisian stock exchange.
Under the EBRD Risk Sharing Framework, Attijari Bank will extend a loan of up to TND 20 million to CIL for on-lending to local MSMEs, which are its core customers and in need of financial support to cover liquidity shortages due to the coronavirus pandemic.
The loan is being supported by the EU as part of its Financial Inclusion Initiative, a programme aimed at helping MSMEs in the southern and eastern Mediterranean become more competitive. The programme provides funding and know-how to boost the development of SMEs and create jobs.
Since the start of its operations in Tunisia in 2012, the EBRD has invested close to €1.4 billion in 56 projects across the country and supported more than1,400 SMEs with EU-funded technical assistance.
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Tunisia
