The World Bank Group announced in a press release on Thursday the launch of a new five-year Country Partnership Framework (CPF) with Tunisia to support the government’s development plan for economic expansion that benefits everyone, creates quality jobs and builds resilience to climate change.
The new CPF, which builds on Tunisia’s 2023-2025 development plan and its Vision 2035, was designed on the basis of the systematic country diagnosis (SCD) carried out by the World Bank, as well as its next national report. on climate and development.
It targets three main results, namely the creation of quality jobs by the private sector, the strengthening of human capital and the improvement of resilience to climate change and the reduction of carbon emissions.
In its application, the plan will also touch on other issues such as gender and gender equality, or migration seen as a source of opportunities for the country.
Quoted in the press release, the Vice-President of the World Bank for the Middle East and North Africa, Ferid Belhaj, indicates that the « new strategy establishes the framework on which the World Bank and Tunisia will be able to intensify programs of to unleash the country’s economic potential and promote a better future for its people ».
For his part, the Tunisian Minister of Economy and Planning, Samir Saied, noted that « the Partnership Framework between Tunisia and the World Bank Group for the period 2023-27 is an important step in our efforts to cooperation aimed at fostering inclusive and sustainable growth”.
« Through this partnership, we aspire to advance social protection, education, health, and the improvement of the business climate in order to stimulate innovation, as well as green growth while reducing regional disparities and promoting social inclusion, » he says.
As for the resident representative of the World Bank for Tunisia, Alexandre Arrobbio, he believes that « while the CPF supports the achievement of medium-term sustainable main results, it also responds to short-term priorities, in particular direct support to families hardest hit by the crises, access to finance for small and medium-sized enterprises, and the production of renewable energy ».
The CPF will be implemented jointly by the World Bank, the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), with an annual envelope over five years of approximately 400 to 500 million dollars, to which will be supplemented by investments from IFC and guarantees from MIGA.
By OMA Newsletter N° 1219 of 16/06/2023
Article published under the direction of Dr. Najib Kettani
The OMA, NGO with an Intercontinental vocation
For the development of cultural exchanges
Valuing human potential
The promotion and consolidation of Africa’s development, and
Inter-African integration
