Tunisia: Third Governance, Opportunities, and Jobs DPL

Abstract*

The development objective of the Third Governance, Opportunity, and Jobs (GOJ-3) Development Policy Loan (DPL) Program Project for Tunisia is to help Tunisia establish the policy foundations for a more competitive business environment, a strengthened financial sector, more inclusive, and accountable social services, and more transparent public governance. This operation will contribute to meeting the emergency financing needed to mitigate the economic... Show More

Development Objective

The objective of this DPL is to help Tunisia establish the policy foundations for a more competitive business environment, a strengthened financial sector, more inclusive and accountable social services, and more transparent public governance.

Key Details

Project Details

Project ID
P150950
Status
Closed
Team Leader
Abdoulaye Sy , Jean-Luc Bernasconi
Borrower 2
Ministry of Finance

Country
Tunisia
Disclosure Date
October 1, 2015
Approval Date
(as of board presentation)
October 1, 2015
Effective Date
December 23, 2015

Total Project Cost 1
US$ 500.00 million
Implementing Agency
MINISTRY OF INVESTMENT AND INTERNATIONAL COOPERATION
Region
Middle East and North Africa
Fiscal Year 3
2016

Commitment Amount
US$ 500.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2016

Last Stage Reached
BANK APPROVED
Parent Projects
P132709
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 - Private Sector Development

FY17 - Business Enabling Environment43%
- FY17 - Investment and Business Climate14%
- FY17 - Regulation and Competition Policy28%
FY17 - Jobs100%

FY17 - Public Sector Management

FY17 - Public Administration56%
- FY17 - State-owned Enterprise Reform and Privatization28%
- FY17 - Transparency, Accountability and Good Governance28%

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 April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 15, 2024	IBRD-85360	Int Charges	3,976,617.80
Dec 30, 2015	IBRD-85360	Loan Disb	496,389,664.00
Oct 1, 2015	IBRD-85360	Loan Commitment	500,000,000.00
Sep 15, 2023	IBRD-85360	Int Charges	3,890,812.50
Mar 15, 2023	IBRD-85360	Int Charges	3,880,041.20
Mar 15, 2022	IBRD-85360	Int Charges	4,098,974.00
Mar 15, 2022	IBRD-85360	Loan Repay	10,018,267.00
Sep 15, 2022	IBRD-85360	Int Charges	3,643,985.50
Sep 15, 2021	IBRD-85360	Int Charges	239,441.17
Sep 15, 2021	IBRD-85360	Int Charges	3,633,968.80
Sep 15, 2021	IBRD-85360	Loan Repay	10,774,852.00
Apr 16, 2021	IBRD-85360	Loan Disb	-546,098,940.00
Apr 16, 2021	IBRD-85360	Loan Disb	546,098,940.00
Apr 16, 2021	IBRD-85360	Loan Disb	-546,098,940.00
Apr 16, 2021	IBRD-85360	Loan Disb	546,098,940.00
Mar 15, 2021	IBRD-85360	Int Charges	1,475,424.00
Sep 15, 2020	IBRD-85360	Int Charges	1,468,278.00
Mar 15, 2020	IBRD-85360	Int Charges	1,490,426.40
Sep 15, 2019	IBRD-85360	Int Charges	1,988,312.90
Mar 15, 2019	IBRD-85360	Int Charges	1,840,560.20
Sep 15, 2018	IBRD-85360	Int Charges	1,879,725.00
Mar 15, 2018	IBRD-85360	Int Charges	1,925,216.90
Sep 15, 2017	IBRD-85360	Int Charges	1,947,627.90
Mar 15, 2017	IBRD-85360	Int Charges	1,727,471.40
Sep 15, 2016	IBRD-85360	Int Charges	1,936,257.40
Mar 15, 2016	IBRD-85360	Int Charges	100,232.16
Mar 15, 2016	IBRD-85360	Int Charges	938,248.44
Dec 23, 2015	IBRD-85360	Loan Disb	1,244,767.60
Dec 23, 2015	IBRD-85360	Fee Charges	1,244,767.60
Mar 15, 2024	IBRD-85360	Loan Repay	14,882,552.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2016-12-06
Monitoring and Evaluation	Moderately Satisfactory	2016-12-06
Overall Implementation Progress (IP)	Moderately Satisfactory	2016-12-06
Program Management	Moderately Satisfactory	2016-12-06

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-01-2018
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Substantial
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Unsatisfactory
Government Performance	Moderately Unsatisfactory
Implementing Agency	Moderately Unsatisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 01-21-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Substantial	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Unsatisfactory	N/a
Government Performance	Moderately Unsatisfactory	N/a
Implementing Agency	Not Rated	N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Quantitative Estimate of Compliance Cost Savings (in US$) Value 0.00 0.00 30000000.00
Date May 30, 2014 September 30, 2016 June 30, 2015
Comment
Number of Staff at Tunisie Telecom that have Taken Up the Early Retirement Plan Value 0.00 1300.00 3000.00
Date May 30, 2014 September 30, 2016 December 31, 2016
Comment
Number of broadband wholesale access Value 0.00 0.00 15000.00
Date May 30, 2014 December 31, 2015 December 31, 2016
Comment
Restructuring plans for STB, BNA and BH approved by their respective Board of Directors Value 0.00 3.00 3.00
Date December 31, 2014 April 1, 2016 December 31, 2016
Comment

Common equity tier-1 ratio the three state-owned banks STB, BH and BNA	Value	STB (-5.7 %), BH (4.6 %) and BNA (6.3 %)	STB (9%); BH (7.5%) and BNA (6.8%)	STB, BH and BNA (1.7^%)
	Date	December 31, 2014	June 30, 2016	December 31, 2016
	Comment

Publication of the annual report on the finances of State-Owned Banks for the period 2010-2012	Value	No publication	The reports on the finances on State-Owned Enterpr	The reports have been published in 2015 and 2016.
	Date	December 31, 2014	April 1, 2016	December 31, 2016
	Comment

Number of access to information requests that have been responded to Value 80.00 2606.00 120.00
Date December 31, 2015 September 30, 2016 December 31, 2016
Comment

Quantitative Estimate of Compliance Cost Savings (in US$)	Value	0.00	0.00	30000000.00
	Date	May 30, 2014	September 30, 2016	June 30, 2015
	Comment

Number of broadband wholesale access	Value	0.00	0.00	15000.00
	Date	May 30, 2014	December 31, 2015	December 31, 2016
	Comment

Number of access to information requests that have been responded to	Value	80.00	2606.00	120.00
	Date	December 31, 2015	September 30, 2016	December 31, 2016
	Comment