TUNISIA - Economic Recovery and Social Inclusion Support Programme (PAREIS) (AFDB-P-TN-K00-018)

Countries
  • Tunisia
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 14, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 71.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 60
Converted using 2021-07-14 exchange rate.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Oct 4, 2021


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Project Description

According to bank provided information, the goal of PAREIS is to contribute to economic recovery by improving the investment climate, job protection and social inclusion. Its main objective is to support the Tunisian Government in its efforts to mitigate the economic and social impacts of COVID 19 by speeding up economic recovery, safeguarding jobs and strengthening social inclusion.

The project is an AfDB loan of EUR 60 million, to the Republic of Tunisia to finance the Economic Recovery and Social Inclusion Support Programme - PAREIS. This operation, which is the Bank's contribution to multi-donor budget support (2020-2022) for Tunisia, is intended to support post COVID-19 economic recovery while responding more efficiently to the social challenges exacerbated by the pandemic. PAREIS will, therefore, contribute to the achievement of the development objective of the Joint AFD-African Development Bank, World Bank-JICA-KfW Reform Support Programme aimed at strengthening macroeconomic stability in the near-term and gradually controlling the fiscal balances, while contributing to an appropriate response to social demand, in the medium term. The operation's two focus areas are: (i) acceleration of quick-impact reforms likely to speed up economic recovery and job protection; and (ii) social spending efficiency and efficacy through streamlining and better targeting of social assistance programmes.

Investment Description

Contact Information

Name GUEYE Mouhamed
Email m.gueye@afdb.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/