Tunisia Investment, Competitiveness and Inclusion

Abstract*

The development objective of Investment, Competitiveness and Inclusion Development Policy Financing Project is to: (i) remove barriers to investment, trade and entrepreneurship; (b) move towards a more efficient, sustainable and inclusive energy sector; and (c) promote greater economic and social inclusion. The government’s program is underpinned by the development vision and reform agenda set out in the Note d’Orientation Stratégique, the five-year... Show More

Development Objective

Tunisia DPF 2018. The proposed DPF operation aims to help Tunisia boost job creation and inclusive growth. Broad reform areas in this operation would include: 1) Strengthening governance and performance of public services to improve the business climate: SOEs and civil service, tax policy and administration; 2) Market contestability and access, and entrepreneurship: implementation of investment framework and market liberalization, entrepreneurship etc.; 3) Social protection: safety nets, pensions; and 4) access to finance and financial inclusion.

Key Details

Project Details

Project ID
P161483
Status
Closed
Team Leader
Shireen Mahdi
Borrower 2
Ministry of Development, Investment and International Cooperation

Country
Tunisia
Disclosure Date
May 29, 2018
Approval Date
(as of board presentation)
June 27, 2018
Effective Date
September 14, 2018

Total Project Cost 1
US$ 500.00 million
Implementing Agency
Ministry of Development, Investment and International Cooperation
Region
Middle East, North Africa, Afghanistan, and Pakistan
Fiscal Year 3
2018

Commitment Amount
US$ 500.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2019

Last Stage Reached
BANK APPROVED
Last Update Date
August 16, 2023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Trade9%
- FY17 - Trade Facilitation9%

FY17 - Environment and Natural Resource Management

FY17 - Climate change20%
- FY17 - Mitigation20%
FY17 - Energy27%
- FY17 - Access to Energy9%
- FY17 - Energy Policies & Reform18%

FY17 - Finance

FY17 - Financial Infrastructure and Access27%
- FY17 - MSME Finance27%

FY17 - Private Sector Development

FY17 - Business Enabling Environment9%
- FY17 - Investment and Business Climate9%
FY17 - Enterprise Development9%
- FY17 - MSME Development9%

FY17 - Public Sector Management

FY17 - Public Administration9%
- FY17 - E-Government, incl. e-services9%

FY17 - Social Development and Protection

FY17 - Social Protection18%
- FY17 - Social Safety Nets9%
- FY17 - Social protection delivery systems9%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	500.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	500.00
IDA Commitment	N/A
IBRD + IDA Commitment	500.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	500.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

No data available.

Detailed Financial Activity as of June 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Sep 14, 2018	IBRD-88850	Loan Disb	1,209,350.00
Sep 14, 2018	IBRD-88850	Fee Charges	1,209,350.00
Sep 20, 2018	IBRD-88850	Loan Disb	483,314,144.00
Dec 1, 2018	IBRD-88850	Int Charges	74,008.21
Dec 1, 2018	IBRD-88850	Int Charges	564,234.90
Jun 27, 2018	IBRD-88850	Loan Commitment	500,000,000.00
Jun 1, 2024	IBRD-88850	Int Charges	3,685,645.00
Jun 1, 2019	IBRD-88850	Int Charges	1,490,865.10
Jun 1, 2023	IBRD-88850	Int Charges	3,674,493.50
Dec 1, 2023	IBRD-88850	Int Charges	3,739,000.50
Dec 1, 2023	IBRD-88850	Loan Repay	4,504,820.00
Dec 1, 2022	IBRD-88850	Int Charges	3,581,336.00
Dec 1, 2021	IBRD-88850	Int Charges	202,813.34
Dec 1, 2021	IBRD-88850	Int Charges	638,862.06
Dec 1, 2021	IBRD-88850	Int Charges	3,884,655.80
Jun 1, 2022	IBRD-88850	Int Charges	3,677,410.00
Jun 1, 2021	IBRD-88850	Int Charges	777,318.00
Apr 22, 2021	IBRD-88850	Loan Disb	498,167,680.00
Apr 22, 2021	IBRD-88850	Loan Disb	-498,167,680.00
Apr 22, 2021	IBRD-88850	Loan Disb	498,167,680.00
Apr 22, 2021	IBRD-88850	Loan Disb	-498,167,680.00
Dec 1, 2020	IBRD-88850	Int Charges	1,886,576.80
Dec 1, 2019	IBRD-88850	Int Charges	1,501,990.40
Jun 1, 2020	IBRD-88850	Int Charges	1,260,290.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Monitoring and Evaluation	Moderately Satisfactory	2019-12-23
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2019-12-23
Progress towards achievement of PDO	Moderately Unsatisfactory	2019-12-23
Program Management	Moderately Satisfactory	2019-12-23

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-30-2021
Outcomes	Moderately Unsatisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW:	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality		N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Targeting model is applied to the database of beneficiaries of the two main social assistance programs (PNAFN and AMG-I and II) andthe waiting list	Value	No	No	Yes
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

Electricity and gas subsidies, percentage of GDP Value 1.20 1.09 1.00
Date January 1, 2018 December 31, 2019 December 31, 2019
Comment

Number of investment entry authorizations eliminated or simplified	Value	Eliminated (0); Simplified (0)	Eliminated (6); Simplified (4)+ 3 under simplifica	Eliminated (10); Simplified (17)
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

Design of cash transfer program for children’s human capital formation is finalized and submitted to Council of Ministers Value No No Yes
Date January 1, 2018 December 31, 2019 December 31, 2019
Comment
Transmission and distribution losses of the power utility, percentage of generated power Value 16.4% (actual 16.9%) 17.3% 12.5%
Date January 1, 2018 December 31, 2019 December 31, 2019
Comment

“Foreign Trade Certificate”, “Merchandise Loading Certificate”, and “Notice of Arrival of Imported Merchandise” trade procedures are dematerialized.	Value	No	No	All dematerialized
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

Volume of microcredits disbursed towards income generating activities (men) Value TND 359 million TND 699.3 million TND 575 million
Date January 1, 2018 December 31, 2019 December 31, 2019
Comment
Rate of collection of bills (electricity and gas), percentage of total bills Value 76.00 71.60 82.00
Date January 1, 2018 December 31, 2019 December 31, 2019
Comment

Time to issue the “Foreign Trade Certificate”, average number of days.	Value	7 days	Approximately 3 days for Ministries connected to T	3 days
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

Volume of microcredits disbursed towards income generating activities (women) Value TND 372 million TND 592.5 million TND 600 million
Date January 1, 2018 December 31, 2019 December 31, 2019
Comment
Solar power capacity of private sector owned projects selected under the concession scheme Value 0 MW, 5 MW (actual) 500 MW 300 MW
Date January 1, 2018 December 31, 2019 December 31, 2019
Comment

Share of public entities conducting their procurements through TUNEPS	Value	Ministries (84%) SOEs (45%) Parastatals (34%)	Ministries (100%) SOEs (60%) Parastatals (50%)	Ministries (100%) SOEs (60%) Parastatals (50%)
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

E-registry for movable collateral is established and operational Value No No Yes
Date January 1, 2018 December 31, 2019 December 31, 2019
Comment
Volume of SME loans guaranteed by Sotugar Value TND 437 million TND 537 million TND 500 million
Date January 1, 2018 October 2, 2019 December 31, 2019
Comment

Electricity and gas subsidies, percentage of GDP	Value	1.20	1.09	1.00
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

Transmission and distribution losses of the power utility, percentage of generated power	Value	16.4% (actual 16.9%)	17.3%	12.5%
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

Volume of microcredits disbursed towards income generating activities (men)	Value	TND 359 million	TND 699.3 million	TND 575 million
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

Rate of collection of bills (electricity and gas), percentage of total bills	Value	76.00	71.60	82.00
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

Volume of microcredits disbursed towards income generating activities (women)	Value	TND 372 million	TND 592.5 million	TND 600 million
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

Solar power capacity of private sector owned projects selected under the concession scheme	Value	0 MW, 5 MW (actual)	500 MW	300 MW
	Date	January 1, 2018	December 31, 2019	December 31, 2019
	Comment

Volume of SME loans guaranteed by Sotugar	Value	TND 437 million	TND 537 million	TND 500 million
	Date	January 1, 2018	October 2, 2019	December 31, 2019
	Comment