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“This new project will help the government of Tunisia accelerate the implementation of its safety net programme, protect the health and education of the most vulnerable children, and ultimately improve the lives of millions of Tunisians in the years ahead.” Tunisia s finances have been heavily impacted by the Covid-19 health crisis, which has hit the North African country s revenue generating sectors like tourism. The economy contracted 8.2 per cent in 2020 while its fiscal deficit is also projected to have widened to 11.5 per cent of gross domestic product, the International Monetary Fund said in January. The worsening economic situation has also led to an increase in unemployment and poverty in Tunisia. The World Bank said the recent tranche of funding will help families ride out the crisis. ....
World Bank and AFD Join Efforts to Strengthen Tunisia’s Disaster Resilience Capacities Format 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 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 ....
La BM approuve un prêt de 50 millions de dollars pour renforcer la résilience aux catastrophes en Tunisie shemsfm.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shemsfm.net Daily Mail and Mail on Sunday newspapers.