- EBRD technical assistance to improve governance and investment digitalisation in Tunisia
- Agreement to support the development of the private sector and entrepreneurship
- Collaboration to help attract foreign investment following the Covid-19 pandemic
The European Bank for Reconstruction and Development (EBRD) is joining forces with the Tunisian Investment Authority (TIA) and the Ministry of Economy and Planning to strengthen the private sector in Tunisia by improving governance and advancing the digitalisation of the country’s investment ecosystem.
The EBRD will provide technical assistance to help create an environment conducive to innovation and creativity with a view to attracting quality foreign direct investment after Covid-19.
To strengthen their partnership, the EBRD, the TIA and the Tunisian Investment Fund signed a memorandum of understanding aimed at boosting the growth of the private sector in Tunisia through assistance programmes focused on digitalisation, public-private dialogue, policy advocacy and peer-to-peer learning.
The EBRD and TIA last month launched a digital investor guide at the EU Africa-Business Forum in Brussels. The new guide is a public-private sector collaboration aimed at introducing international best practice and providing concise information on the legal framework, financing mechanisms and incentive systems for investment in Tunisia.
EBRD First Vice President Jürgen Rigterink said: “With the signing of this MoU, the EBRD and the government of Tunisia are joining forces to help the country accelerate its journey towards the digital transition, embrace rapid technological change and overcome the challenges exposed by the Covid-19 pandemic. We are very happy to support the Tunisian Investment Authority and the Tunisian Investment Fund in improving the business environment in the country and providing digital tools for investors. The creation of a digital platform for investors, the roll-out of e-identity and the digital investor guidelines are all very important steps in this direction.”
Minister of Economy and Planning Samir Saied said: “The MoU will help strengthen the business climate in Tunisia through targeted technical assistance and the development of the private sector, public-private dialogue and the digitalisation of the investment system. I would like to thank the EBRD for its cooperation and commitment to improving the business climate, which is essential to the revitalisation of investment in Tunisia.”
Since the start of its operations in Tunisia in 2012, the EBRD has invested more than €1.4 billion across 57 projects in the country, in both the private and public sectors.