Tunisia Innovative Startups and SMEs Project (WB-P167380)

Countries
  • Tunisia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Feb 28, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Tunisia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Media Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 16, 2020

Disclosed by Bank Nov 10, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project objective is to increase the growth of and innovation in select startups, and small and medium enterprises.

Project activities will focus on enhancing firm capabilities for innovation and technology adoption and growth; filling the debt and equity financing gap for innovative startups and SMEs; and building capacity within the entrepreneurship and innovation ecosystem to support high-growth innovative startups and SMEs. The project will also provide mechanisms to encourage and sustain increased participation by women, youth, and populations in the lagging regions in entrepreneurial activities.

The project will be made up of three components:

  1. Support for Startups. This component will provide support to:
    1. facilitate private risk capital for innovative startups and entrepreneurs in the pre-seed, seed and early growth stages; and
    2. strengthen the entrepreneurship ecosystem and deal-flow.
  2. Support for Technology-based SMEs. This component will provide support to:
    1. facilitate increased bank lending to SMEs, by supporting the development of effective credit risk sharing mechanisms and facilities to encourage investments in SME technology adoption;
    2. strengthen the innovation ecosystem and increase adoption of technology (including Industry 4.0 technologies) by SMEs.
  3. Project Management, Coordination and Monitoring & Evaluation. Funds under this component will go towards management and consulting fees, service provider fees for implementation of select project activities, as well as operating and administrative costs for the management and supervision of the project activities.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank:
Contact: Fadwa Bennani
Title: Senior Financial Sector Specialist
Telephone No: +12024733520
Email: fbennani@worldbank.org 

Contact: Mouna Hamden
Title: Senior Private Sector Specialist
Telephone No: 5714+3031
Email: mhamden@ifc.org 

Borrower:
Republic of Tunisia

Implementing Agencies:
TBD

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

How it works

How it works