Tunisia overview

Sea sight

In Tunisia we focus on:

Restructuring and strengthening the financial sector to support private sector development; the financial sector has a number of structural deficiencies particularly in MSME lending, private equity and local capital market development. High NPLs indicate weak bank balance sheets in particular in the state-owned banks that have been prone to directed lending
Financing private enterprises, with a focus on SMEs, to boost the creation of high quality private sector jobs and develop a resilient and diverse economy
Supporting energy efficiency and the development of a sustainable energy sector, to improve energy security, sustainability and economic competitiveness, and commercialisation of the energy sector which has large transition gaps across the board.
Facilitating non-sovereign financing for infrastructure development to provide wider access to better quality urban and efficient public services. Infrastructure – that of both municipalities and the transport sector - also suffers from a number of large gaps. The separation of regulatory and operational responsibility of municipalities has not taken place, negatively impacting the efficiency of water and waste water services as well as urban transport management.

We continue to cooperate with other IFIs, the EU and bilateral partners to ensure that the EBRD's operations take full account of their work.

The EBRD’s Tunisia country assessment was approved on 12 September 2012

Current EBRD forecast for Tunisia’s Real GDP Growth in 2017 2.2%

Current EBRD forecast for Tunisia’s Real GDP Growth in 2018 2.7%

In Tunisia, economic activities picked up in the first half of 2017 registering growth of 1.9 per cent compared to 1.0 per cent in the same period of 2016. Economic growth is projected at 2.2 per cent for the year up from 1.0 per cent in 2016, supported by a rebound in agriculture, after the low levels of rain witnessed in 2016, and strong growth in the tourism sector, which grew by 8 per cent in the first half of 2017, after four years of decline.

The recent dinar depreciation is expected to boost competitiveness. However, inflation has risen to 5.0 per cent during the first nine months of 2017, driven by higher consumption as a result of wage increases and the impact of the depreciation. Unemployment remains high at 15.3 per cent at the end of the second quarter of 2017. Growth is expected to pick up in 2018 to 2.7 per cent, against the backdrop of continued legislative, financial sector, public sector, and structural reforms.

Tunisia in the EBRD's 2017-18 Transition Report