ebrd to boost competitive lending in local currency
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

To SMEs in Tunisia

EBRD to boost competitive lending in local currency

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice EBRD to boost competitive lending in local currency

The European Bank for Reconstruction and Development (EBRD)
Tunis - Arab Today

The European Bank for Reconstruction and Development (EBRD) and the Ministry of Finance of Tunisia have signed a Memorandum of Understanding (MoU) allowing the country to become eligible for domestic lending to small and medium-sized enterprises (SMEs) in local currency under a new EBRD programme.
In parallel, the Ministry of Finance intends to take measures to improve local currency intermediation, develop local capital markets and increase financial stability in Tunisia.
The MoU was signed in Tunis today by Minister of Finance Slim Chaker and by Hildegard Gacek, EBRD Managing Director for the southern and eastern Mediterranean (SEMED) region.
The EBRD operates an SME Local Currency Programme, which helps countries implement reforms and develop local capital markets. The Programme enhances access to affordable local currency funding for SMEs and increases the availability of sources of local currency funding.
Under the Programme, the EBRD can provide local currency loans to SMEs at interest rates that aim to stimulate the local currency loan market.
Hildegard Gacek said: “This MoU is a very important step towards increasing access to finance for SMEs in Tunisia as it will allow us to bring the successful SME Local Currency Programme to the country. Tunisia continues to commit itself to a reform programme that will improve, broaden and deepen local currency intermediation and local capital markets.”
Marie-Alexandra Veilleux-Laborie, Head of EBRD operations in Tunisia, said: “The SME Local Currency Programme in Tunisia will allow the EBRD to lend at competitive rates in Tunisian dinars to local SMEs, which are the backbone of Tunisia’s economy. This confirms the EBRD’s commitment to the country and its strong willingness to support the development of the Tunisian private sector.”
Slim Chaker, Minister of Finance in Tunisia, said: “This agreement with the EBRD falls within the scope of the efforts by the Tunisian government to support the economy and Tunisian SMEs. The implementation of this agreement will allow entrepreneurs to benefit from financing with new preferential rates to achieve and expand their projects while protecting them against currency exchange risks.”
The EBRD has been investing in Tunisia since 2012 and has funded more than 25 projects in the private sector for a total of over €300 million. The Bank has also supported more than 220 Tunisian SMEs by providing technical assistance.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ebrd to boost competitive lending in local currency ebrd to boost competitive lending in local currency

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ebrd to boost competitive lending in local currency ebrd to boost competitive lending in local currency

 



GMT 07:41 2011 Sunday ,14 August

Manchester United boss backs new generation

GMT 10:49 2013 Friday ,20 September

Apple buyers rue high price of new low cost iPhone

GMT 00:13 2017 Friday ,16 June

'Banker takes bribe to buy 'unwanted' shares'

GMT 21:47 2017 Saturday ,06 May

Emir Sends Cable of Condolences

GMT 13:26 2017 Tuesday ,24 October

SAGITTARIUS (November23rd-December21st)

GMT 22:39 2017 Monday ,20 November

NIHR welcomes UNICEF partnership

GMT 07:54 2017 Monday ,30 October

Young Muslims to drive $300 billion

GMT 06:15 2017 Saturday ,23 December

Tehran judiciary nixes hopes of swift release

GMT 14:57 2017 Wednesday ,22 November

Israel probes president's photo in Palestinian scarf

GMT 08:40 2017 Thursday ,02 March

Oculus looks to spur VR spread

GMT 23:31 2017 Saturday ,20 May

Syrian mother panic over son

GMT 12:29 2017 Wednesday ,08 March

Itsu launches into frozen food market
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice