tunisia_13Having seen industrial foreign direct investment (FDI) in 2012 return to 2010 levels, Tunisia is looking to large-scale industrial ESTABLISH and service projects bode well for That Could economic recovery and export revenues – Both of Which are Given crucial national unemployment hovered around That 18% in the waning months of 2012.?A number of efforts to Stimulate Job Creation from the bottom up, Including new initiatives to supporting small and medium-sized enterprises (SMEs) are Underway.

Such One Project aims to economic development of microfinance offerings, Which are well, established but limited in scope.?Two main actors, Enda Inter-Arabe and Tunisian Solidarity Bank (BTS), lead the sector, and there are a number of aussi small-scale operators.?Enda, a microfinance institution-specific, ended 2012 with 211.728 active customers with outstanding loans and loan portfolio of a global TD135.4m (? 65.3m).?That consensus is growing microfinance stands to play a role in Greater Supporting SMEs and independent producteurs.

In mid-January the EU’s Tunisian delegation signed a ? 1.8m financing agreement with France-based MicroCred Group to ESTABLISH a Tunisian filiale, MicroCred Tunisia.?In addition to small-scale loans geared Towards Individuals and businesses businessman That Have Been excluded from the formal banking system, MicroCred Tunisia is expected to aussi Provide coaching for entrepreneurs to conceptualize and launch Their Own businesses businessman.

Total Project Costs are expected to reach ? 3.6m and will be co-financed by the EU, international financial institutions and local partners, Including Tunisian banks and private industrial groups.Project partners aim to reach 250.000 Microcredit Beneficiaries in the first five years, of 150.000 Which are slated to be in under-developed regions in the interior.

Tunisian actors are taking steps to boost aussi conventional banking services available to SMEs.On January 2, the Tunisian Financial Bank for SMEs (Bank Financing of Small and Medium Enterprises, BFPME) signed three agreements with the Islamic Corporation for Private Sector Development (Islamic Corporation for the Development of the Private Sector SIDSP), the private sector arm of the Islamic Development Bank, Which AIMS to Improve Funding sources for small businesses businessman.

Under the first agreement – a renewable agreement valid for five years – the SIDSP Will Provide a technical cooperation fund of TD350, 000 (? 168.630) to help the economic development of BFPME icts Service offerings.?The SIDSP Will Provide advisory and technical support in the introduction of new products and Islamic banking services Tunisian Aimed at SMEs.

Under a second agreement, the Tunisian government and the SIDSP fund will create a seal, “Theemar,” which will be managed by United Gulf Financial Services North Africa, a filiale of United Gulf Bank based in Tunisia.?The three parts will disburse Jointly Theemar Funding for SME projects.?The joint management is Meant to foster the exchange of expertise on risk assessment and supporting the development of SMEs for.

In addition to output and Strengthening SME activity in the hopes of Encouraging job creation, the government is working to channel aussi Public Spending in the interior, Where A Lack of Economic Opportunities, high levels of unemployment and contribute to social infrastructure Weaker discontent.?Announced New Investments in Developing interior regions dropped by 4.3% in 2012 to TD1.61bn (? 775.8m).?To boost this, the state is Offering premium for industrial investment projects in key Launched in Development Areas addition to 10-year tax breaks, special exemptions workforce and capital transfer incentives in industrial zones.

In 2012 the state Budgeted TD176m (? 85m) for a total of 286 development projects in Kasserine, a province in the center-west along the Algerian border.?Infrastructure building, Including bridge construction and the renovation of the railway running Between the city of Tunis and Kasserine, is slated to receive TD44m (? 21.2m).?Several of thesis projects, totalling Nearly TD19m (? 9.2m), are focused on educational am?liorer offerings in the region, Including the introduction of professional training programs to help residents with skills match Their Existing opportunities in the labor market.?Another project sets aside TD139, 000 (? 67,000) for the redevelopment of industrial areas in the area.

The economic development of the interior is a long-term goal the aim to concentrate resources and efforts boost investment in the area to help make progress shoulds.?One of the key challenges is to Stimulate job creation; Focusing on high-by Priority Areas and Increasing Funding available to the small-scale and local businesses businessman, Tunisia is taking steps to create a solid base for economic growth in coming years.


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