TUNISIA FIRST RESILIENCE AND RECOVERY EMERGENCY DEVELOPMENT POLICY FINANCING

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The development objectives of First Resilience and Recovery Emergency Development Policy Financing (DPF) is to support the government of Tunisia effectively respond to the Coronavirus (COVID-19) crisis and lay the foundation for strong post-crisis recovery by: (a) strengthening resilience and inclusion; (b) enabling private sector recovery; and (c) improving transparency and performance in the State-Owned Enterprise (SOE) sector. This DPF supports three interdependent pillars of the government’s reform program, namely: (1) to accelerate safety net reforms and financial inclusion, which are critical to mitigating the impact of the Coronavirus (COVID-19) crisis and building stronger social and economic resilience to shocks; (2) to enable private sector recovery by leveraging private sector financing and know-how in infrastructure opening access to the air transport market and by improving the framework for rapid, efficient resolution of non-performing loans (NPLs), including for state-owned banks; and (3) to improve the transparency and performance of SOEs. The operation is part of a broader engagement and is complemented by technical assistance (TA) and other operations to support reform implementation.