Public Management

World Bank supports the fight against poverty in Tunisia with $300mln

World Bank supports the fight against poverty in Tunisia with $300mln
Tuesday, 16 March 2021 11:05

Tunisia will benefit from the financing of $300 million granted by the World Bank to continue its fight against poverty. This was reported yesterday, March 15, by Ferid Belhaj, the World Bank’s Vice President for MENA, following a meeting with the Tunisian President Kaïs Saïed.

According to figures provided by the Center for Economic and Social Studies and Research and relayed by the African Development Bank (AfDB), Tunisia's poverty rate, which had fallen from 20.5% in 2010 to 15.2% in 2016, rose by 30% between 2014 and 2018. The situation is expected to deteriorate further with the covid-19 pandemic pushing the country into recession and causing job losses in several key sectors of the economy.

Ferid Belhaj says the World Bank financing will help one million Tunisian families, at a time when the government is seeking funding to recover its sluggish economy affected by rising unemployment and a worrying debt. Tunisia plans to borrow up to $7.2 billion to finance its 2021 state budget.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• The IMF has approved an immediate disbursement of $367 million to Ghana, bringing the total financial support provided to the country since May...
Zenith Bank is in advanced talks to acquire a tier-two bank in Kenya. The Central Bank of Kenya has raised capital requirements, triggering market...
• DPI acquires minority stake in Egypt’s largest private hospital group• Funds to support expansion across Egypt and key Gulf countries• Investment among...
WAEMU states collectively raised nearly 7,000 billion CFA francs in the first half of 2025, a record amount driven by increased financing needs, the...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
03

• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...

Algeria Awards Commercial 5G Licenses
04

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
05

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...

IFC Plans Investment Fund to Help Grow African Film Industry
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.