Tunisia: Third Governance, Opportunities, and Jobs DPL

closed

The development objective of the Third Governance, Opportunity, and Jobs (GOJ-3) Development Policy Loan (DPL) Program Project for Tunisia is to help Tunisia establish the policy foundations for a more competitive business environment, a strengthened financial sector, more inclusive, and accountable social services, and more transparent public governance. This operation will contribute to meeting the emergency financing needed to mitigate the economic impact related to the terrorist attacks that have targeted the vital and recovering tourism sector in March and June 2015. While the new government has taken immediate steps to address the security crisis and mitigate social tensions, it has also started laying the foundations for its medium-term development policy. The reforms supported by the proposed GOJ-3 DPL operation are also fully consistent with the findings of the Bank’s systematic country diagnostic (SCD) and the recommendations of the 2014 development policy review. In this context, the DPL series aims at assisting Tunisia tackle short-term challenges, including by providing emergency financial support in the context of the current security crisis, while supporting reforms that pave the way for stronger and more inclusive growth, leading to job creation over the medium term.