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TunisiaEuropean Bank for Reconstruction and Development and EU strengthen small businesses in Tunisia
The European Bank for Reconstruction and Development (EBRD) is strengthening small businesses in Tunisia with a €5 million loan to Arab Tunisian Lease (ATL Leasing) to increase access to finance for micro, small and medium-sized enterprises (MSMEs).
The EBRD loan will allow ATL Leasing to ease the access to funding with the provision of long-term funding to small companies. ATL Leasing will extend leases for the acquisition of equipment, light commercial vehicles, trucks, trailers and real estate.
The loan is supported by the European Union (EU) under the EU Initiative for Financial Inclusion, a comprehensive programme to help MSMEs in the southern and eastern Mediterranean region to become more competitive and grow. It provides finance and know-how to boost development and create jobs.
Since the start of its operations in Tunisia in 2012, the EBRD has invested close to €1 billion across 49 projects in the country, and supported over 1,200 SMEs through EU-funded technical assistance. The Bank’s investments aim to support Tunisia’s competitiveness by opening markets and strengthening governance, promote economic inclusion for women, young people and those living in remote areas, strengthen the financial sector’s resilience, and support Tunisia’s green economy transition.
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