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 2018 2.8%

Current EBRD forecast for Tunisia’s Real GDP Growth in 2019 3.0%

In Tunisia, economic activity picked up in the first half of 2018, registering growth of 2.7 per cent year-on-year compared with 1.8 per cent in the same period of 2017, the fastest growth since 2014. Economic growth is projected at 2.8 per cent for the year, up from 1.9 per cent in 2017, supported by the continued rebound in agriculture, which in turn supported agribusiness and food production industries, and consequently manufacturing. Strong growth in the tourism sector and a rebound in exports and investment on the back of the dinar depreciation, which boosted competitiveness, have also boosted the economy.

Meanwhile, inflation reached a 26-year high in June, recording 7.8 per cent y-o-y, driven by higher consumption as a result of wage increases, subsidy reforms, and the impact of the depreciation, before moderating to 7.4 per cent in September. Growth is expected to pick up in 2019 to 3.0 per cent, against the backdrop of continued recovery in tourism and investment, stronger growth in major export markets in Europe, and the implementation of structural reforms, in the run up to the elections in November 2019.

Tunisia in the EBRD's 2018-19 Transition Report