World Bank and AFD Join Efforts to Strengthen Tunisia’s Disaster Resilience Capacities
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Tunis, March 11th, 2021 The World Bank’s board of Executive Directors approved today US$50 million in financing to support a disaster and climate resilience project in Tunisia, complemented by French Development Agency (AFD) financing equivalent to US$50 million – a total package of US$100 million. The Program aims to strengthen Tunisia’s disaster risk management and financing efforts to better protect the country’s population and safeguard assets from disasters and climate-related events.
Tunisia is highly exposed to a wide range of natural hazards including floods, drought, landslides, forest fires, sand encroachment, and snowstorms. While droughts are most frequently recorded (54 percent of disaster events reported between 1957 and 2018), floods accounted for the most significant economic losses in that same period (approximately 60 percent of total losses), the highest n
The World Bank’s board of Executive Directors approved today US$50 million in financing to support a disaster and climate resilience project in Tunisia, complemented by
World Bank and AFD Join Efforts to Strengthen Tunisia s Disaster Resilience Capacities miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
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Rebuilding Potential of Tunisian Firms
Tunis, DECEMBER 22, 20202- The World Bank Group today released its annual Tunisia Economic Monitor, which provides timely, comprehensive assessments of current economic trends in Tunisia and analysis of the country’s broader development challenges.
Tunisia is expecting a sharper decline in growth than most of its regional peers, having entered the COVID-19 crisis during a period of slow growth and rising debt levels. After an expected 9.2 percent contraction in 2020, growth is expected to temporarily accelerate to 5.8 percent in 2021 as the pandemic’s effects begin to abate. However, pre-existing structural weaknesses are expected to drag the Tunisian economy into a more subdued growth trajectory of around 2 percent by 2022. With slower growth, some of the past gains in job creation and poverty reduction will be lost: unemployment is expected to edge up, and the share of the population vulnerable to falling into poverty will inc