Tunisia: The European Bank for Reconstruction and Development support local small business lending
March 19, 2019
Small businesses in Tunisia will benefit from more readily accessible finance under a new €13 million loan in local currency that the European Bank for Reconstruction and Development (EBRD) is providing to Arab Tunisian Lease (ATL Leasing) to support small and medium-sized enterprises.
The loan will help limit foreign exchange risks for small business borrowers with earnings in local currency. Supporting access to finance for SMEs through local currency has been identified as one of the strategic priorities by the government of Tunisia and the EBRD.
Since the start of its operations in Tunisia in 2012, the EBRD has invested over €831 million across 37 projects in the country. The Bank’s investments aim to support the restructuring and strengthening of the financial sector and the financing of private enterprises, supporting energy efficiency and developing a sustainable energy sector, as well as facilitating non-sovereign financing for infrastructure development.