Activity under preparation Green Local Currency Intermediated Lending in Tunisia via TCX Fund

About this project

<p class="ql-align-justify">The Green Local Currency Intermediated Lending in Tunisia via TCX Fund is designed to enable IFIs to improve the ability of Tunisian banks (¿<strong>Partner Banks</strong>¿ or ¿<strong>PBs</strong>¿) to finance SMEs engaged in the green transition and to help them resume growth in the post-crisis period.</p><p>The <strong>specific objectives</strong> of the Programme are as follows:</p><p>i.to enable a resumption of medium- and long-term IFI lending to PBs at a viable cost for on-lending to the local economy;</p><p>ii.to support medium local-currency lending to businesses, including SMEs;</p><p>iii.to support a sustainable and green post-pandemic economic recovery in the country ;</p><p>iv.to strengthen the financial system through support for critical foreign-exchange hedging activities;</p><p>v.to promote more equitable access to climate finance for women-led SMEs in the region via mainstreaming gender considerations into project design and delivery.</p><p>The Action aims to address the absence of sustainable hedging instruments in the country preventing Tunisian banks to access international medium-term financing. Although the relevance of all these objectives was demonstrated prior to the onset of the COVID-19 pandemic, higher importance is attached to them in the context of the economic crisis that has followed the pandemic and the current war in Ukraine. The country is cash-strapped and needs more financing for its budget. Therefore, it is c…

Goals

Sustainable Development Goals this project works towards

• 3Good Health and Well-being
• 4Quality Education
• 5Gender Equality
• 6Clean Water and Sanitation
• 7Affordable and Clean Energy
• 8Decent Work and Economic Growth
• 11Sustainable Cities and Communities
• 12Responsible Consumption and Production
• 13Climate Action
• 17Partnerships for the Goals

Published by

European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations · Other public sector

Sectors

Formal sector financial intermediaries

Focus

Gender equality · Also contributesEnvironment · Also contributesGood governance · Main focusClimate mitigation · Also contributesClimate adaptation · Also contributes

Places

998 - Regional South

Published by European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations to the International Aid Transparency Initiative (IATI), last updated 30 Jan 2025 and imported automatically. IATI identifier: XI-IATI-EC_NEAR-2024-PC-27736.

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