EBRD and EU strengthen access to finance for Tunisian youth entrepreneurs
Tunisia, Oct. 6 -- The European Bank for Reconstruction and Development is joining forces with the European Union (EU) to support the development of the private sector in Tunisia through a loan of up to TND 15 million to Enda Tamweel, the country's oldest and largest microfinance institution.This financing, provided under EBRD's Youth in Business programme (YiB), will be on-lent to local micro, medium and small enterprises (MSMEs) owned or led by entrepreneurs under the age of 35. Although MSMEs contribute approximately 90 per cent of Tunisia's GDP, they face a significant financing gap, with only ca. 40 per cent having access to debt financing.The loan is accompanied by a comprehensive package of technical assistance and blended concession...
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