Tunis: The Team Europe Initiative (TEI) ‘Investment in Tunisia’ dedicated to supporting the National Reform Programme in Tunisia, will be officially launched on Wednesday afternoon at the Tunisia Investment Forum (TIF 2024) by EU Ambassador to Tunisia Marcus Cornaro.
According to the EU, the aim of this initiative is to encourage public and private investment that creates decent jobs and supports local development, ecological transition and economic diversification.
The new flagship projects of the TEI ‘Investment in Tunisia’ include ELMED/ELMED+ in the energy sector, MEDUSA in the digital sector, the Sfax-Kasserine Corridor in the transport sector and Relance MSME in the field of support for the private sector.
These new projects complement the more than 120 projects under implementation or in the formulation phase included in the TEI, representing a financing volume of over TND 10 billion for the period 2021-2027.
The TEI ‘Investments in Tunisia’ is intended to rally support for Tunisia’s National Refor
m Programme. In addition to the European Union, it includes five of its member states (Germany, Spain, France, Italy and the Netherlands) and their technical and financial agencies, as well as the multilateral banks EIB and EBRD.
The first priority is to improve the business climate and the general framework for investment, notably by supporting the speeding-up of structural reforms, but also by improving the provision of public services to citizens and economic operators and consolidating the trade partnership between Tunisia and the EU.
The second priority is to upgrade economic infrastructure for a resilient, carbon-neutral economy, notably by securing a sustainable energy supply for households and businesses at a reasonable cost, and improving access to a high-quality digital infrastructure at a reasonable cost.
The third priority is to improve access to finance and support for SMEs, notably by supporting financial inclusion and the emergence of alternative forms of financing, or by mobilising credit l
ines for the benefit of inclusive entrepreneurship that creates decent jobs and local added value, along with the provision of high-quality technical support.
The ‘Team Europe’ initiatives are part of the European Union’s ‘Global Gateway’ strategy, which aims to mobilise up to pound 300 billion of investment between 2021 and 2027 to support a sustainable global recovery. These initiatives aim to increase the coherence and coordination of the combined support of Team Europe members to support programmes with a transformative impact in partner countries.
Source: Agence Tunis Afrique Presse