The new Vice-President of the EIB in charge of financing for the Maghreb, Ioannis TSAKIRIS, will travel to Tunisia for his first official visit on 12 and 13 June 2024. On this occasion, he will meet several members of the Government, take part in the Tunisian Investment Forum and announce new financial support from the Bank for Tunisia for a total of €450 million. This EIB commitment is intended to fund key investments for the development of essential infrastructure and job creation.

This major support initiative reflects the continued commitment of the European Union Bank to promoting economic and social development in Tunisia. The projects targeted seek to stimulate the private sector’s resilience and growth, promote sustainable energy solutions and improve accessibility in remote regions, thereby fostering more inclusive growth.

Among the new announcements, the “Tunisia Economic Recovery” credit line, amounting to €170 million will provide strengthened support for micro, small, and medium-sized enterprises, which constitute approximately 90% of the country’s businesses and employ 60% of its workforce. By improving their access to financing and providing innovative risk-sharing instruments, the EIB aims to back companies that continue to invest and create jobs. This project is also supported by a grant of €8 million from the European Union.

The EIB will also sign a financing contract for €210 million to modernise the strategic corridor between Sfax and Kasserine, thus improving connectivity and reducing mobility costs. This support will thus promote more inclusive growth and the development of the private sector in the regions, by connecting them to the major economic centres.