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Project Brief - SME APEX FACILITY - Tunisia
A joint line of credit (LoC) of € 69,6 million with the World Bank (“IBRD” or “WB”) to the Republic of Tunisia (RoT) implemented and managed by the Central Bank of Tunisia (CBT) to support SMEs via eligible Participating Financial Institutions (PFIs). This SME APEX Facility is a crisis response tool to support Tunisian SMEs during the transition. The tenor of the LoC to the RoT will be 12 years with 2 years grace period. The loans will be available to existing SMEs and new projects. This LoC is prepared by Private Sector Operations department of the Bank as the end users will be Tunisian SMEs. It complements the Budget support program recently approved by the Board.