Tunisia: Investment - IFC to Provide Tunisia Technical Support, Under MOU

Tunis/Tunisia — The International Finance Corporation (IFC), a member of the World Bank Group (WB), will provide Tunisia with technical support to improve and further develop its investment and business climate, under a Memorandum of Understanding signed Monday.

The MoU was inked by Minister of Economy, Finance and Investment Support Ali Kooli and resident representative of the International Finance Corporation (IFC) in Tunisia Georges Joseph Ghorra, in the presence of representatives of the European Union (EU) and the Swiss Embassy in Tunisia.

That support provides for carrying out studies and consultations, financed by the three parties, to improve the investment climate.

This MoU is part of the government's programme to develop the business climate and improve Tunisia's competitiveness in investment, particularly at the institutional and legislative levels, the Minister said.

Ghorra, for his part, voiced the IFC's willingness to continue supporting Tunisia in improving its ranking in international reports, including the Doing Business Report (DB).

He emphasised the importance of reforms and their impact in terms of encouraging the private sector to invest and actively participate in the country's economic and development dynamics.

The representatives of the EU and the Swiss Embassy in Tunisia also reaffirmed their support to Tunisia in the implementation of its reform programmes and the achievement of a complete economic transition.

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