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Asharq Al-Awsat
Asharq Al-Awsat
Business
Tunis - Mongi Saidani

World Bank Reaffirms Commitment to Support Tunisia's Recovery Program

World Bank reaffirms its commitment to support Tunisia’s recovery program. (Reuters)

The World Bank reaffirmed its commitment to support the economic recovery program in Tunisia for inclusive and sustainable growth, as well as to ensure the financing of the social coverage program, said Ferid Belhaj, World Bank vice-president for the Middle East and North Africa Region.

Belhaj said the World Bank held an important meeting by videoconference with Prime Minister Najla Bouden and her economic team, as well as the governor of the Central Bank Maroaune Abassi.

He noted the meeting comes at a time when Tunisia is experiencing a "delicate economic and social situation".

In a related context, several financial institutions provided Tunisia with loans directed towards development projects, despite the rise of debts to 87 percent of the GDP, and probably 97.7 percent by 2025.

Meanwhile, the African Development Bank (AfDB) Group approved a 104-million-euro loan (equivalent to 339 million dinars) to implement the second phase of the Road Infrastructure Modernization Program (PMIR II) in Tunisia.

This project will help better integrate territories by improving access to the road network for 700,000 people.

It will reduce, on average, the travel time on the RN2 by more than half and create 1.800 new jobs.

The European Investment Bank also signed with Economy and Planning Minister Samir Said a new funding contract worth 45 million euros (146.29 million dinars) to renew the fleet of the TGM railway line.

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