Arab Today, arab today ebrd to boost competitive lending in local currency
Last Updated : GMT 19:46:39
Arab Today, arab today
Arab Today, arab today

To SMEs in Tunisia

EBRD to boost competitive lending in local currency

Arab Today, arab today

Arab Today, arab today EBRD to boost competitive lending in local currency

The European Bank for Reconstruction and Development (EBRD)
Tunis - Arab Today

The European Bank for Reconstruction and Development (EBRD) and the Ministry of Finance of Tunisia have signed a Memorandum of Understanding (MoU) allowing the country to become eligible for domestic lending to small and medium-sized enterprises (SMEs) in local currency under a new EBRD programme.
In parallel, the Ministry of Finance intends to take measures to improve local currency intermediation, develop local capital markets and increase financial stability in Tunisia.
The MoU was signed in Tunis today by Minister of Finance Slim Chaker and by Hildegard Gacek, EBRD Managing Director for the southern and eastern Mediterranean (SEMED) region.
The EBRD operates an SME Local Currency Programme, which helps countries implement reforms and develop local capital markets. The Programme enhances access to affordable local currency funding for SMEs and increases the availability of sources of local currency funding.
Under the Programme, the EBRD can provide local currency loans to SMEs at interest rates that aim to stimulate the local currency loan market.
Hildegard Gacek said: “This MoU is a very important step towards increasing access to finance for SMEs in Tunisia as it will allow us to bring the successful SME Local Currency Programme to the country. Tunisia continues to commit itself to a reform programme that will improve, broaden and deepen local currency intermediation and local capital markets.”
Marie-Alexandra Veilleux-Laborie, Head of EBRD operations in Tunisia, said: “The SME Local Currency Programme in Tunisia will allow the EBRD to lend at competitive rates in Tunisian dinars to local SMEs, which are the backbone of Tunisia’s economy. This confirms the EBRD’s commitment to the country and its strong willingness to support the development of the Tunisian private sector.”
Slim Chaker, Minister of Finance in Tunisia, said: “This agreement with the EBRD falls within the scope of the efforts by the Tunisian government to support the economy and Tunisian SMEs. The implementation of this agreement will allow entrepreneurs to benefit from financing with new preferential rates to achieve and expand their projects while protecting them against currency exchange risks.”
The EBRD has been investing in Tunisia since 2012 and has funded more than 25 projects in the private sector for a total of over €300 million. The Bank has also supported more than 220 Tunisian SMEs by providing technical assistance.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ebrd to boost competitive lending in local currency Arab Today, arab today ebrd to boost competitive lending in local currency

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ebrd to boost competitive lending in local currency Arab Today, arab today ebrd to boost competitive lending in local currency

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday