The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of small firms in Tunisia by increasing the availability of funds, with a €5 million loan to Compagnie Internationale de Leasing (CIL). These funds will help CIL finance small local businesses, a segment that remains largely underserved and therefore cannot fulfil its potential.
Access to finance and liquidity constrain the growth of many private businesses in the country. Micro, small and medium-sized enterprises are the core of the Tunisian economy, accounting for more than 80,000 companies and 40% of the country’s GDP. Small firms employ more than half of the population.
Since the start of its operations in Tunisia in 2012, the EBRD has invested €874 million across 42 projects and provided technical assistance to nearly 1,000 small and medium-sized enterprises (SMEs), two-thirds of which are in the regions.
The Bank’s investments aim to make Tunisia more competitive by opening markets and strengthening governance, promote economic inclusion for women, young people and those living in remote areas.