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Tunisia - Third Economic Competitiveness Adjustment Loan Project : République Tunisienne - Troisième Projet d'Ajustement pour la Compétitivité de l'Economie (French)

The Third Economic Competitiveness Adjustment Loan Project (ECAL III) is the third in a series of policy reform operations and supports the Government's program to enhance the international competitiveness of Tunisia's economy. It is aimed at promoting private investment, strengthening the financial sector, and liberalizing the information and communication technology sector, while maintaining a stable macroeconomic framework. The loan builds on reforms in the real sector initiated under ECAL I (report no. P6890) and seeks to deepen improvements in performance and efficiency in the financial sector supported under ECAL II (report no. P7288). In particular, ECAL III will benefit Tunisia's public and private sectors through efficiency gains and a more transparent investment climate, with continued disengagement of the State from the economy. It will contribute to the soundness and transparency of the financial sector, thereby improving access to financial services for enterprises and individuals while reducing the cost of these services. The loan will also open the telecommunications sector to competition and private participation, lowering prices, and improving access to service for consumers. The loan will be disbursed in one standard tranche and three floating tranches. The release of the floating tranches will be conditioned on continued satisfactory macroeconomic performance, adequate implementation of the overall reform program and of specific policy measures.

Details

  • Document Date

    2001/11/27

  • Document Type

    President's Report

  • Report Number

    P7489

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Tunisia,

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2012/07/10

  • Disclosure Status

    Disclosed

  • Doc Name

    République Tunisienne - Troisième Projet d'Ajustement pour la Compétitivité de l'Economie

  • Keywords

    Tranche releases; Conditionality; Private investments; Financial sector adjustment loans; Financial sector reform; Financial services; Information sector; Communications technology; Liberalization; Macroeconomic stability; Investment environment; Government role; Private sector participation; Competitiveness; Price adjustments; Accessible services

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Citation

Tunisia - Third Economic Competitiveness Adjustment Loan Project : République Tunisienne - Troisième Projet d'Ajustement pour la Compétitivité de l'Economie (French). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/818411468115138953/République-Tunisienne-Troisième-Projet-dAjustement-pour-la-Compétitivité-de-lEconomie