Tunisia Innovative Startups and SMEs Project (WB-P167380)

Countries
  • Tunisia
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
Proposed
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
Feb 28, 2019
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.
Borrower
Government of Tunisia
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Dec 4, 2018

Disclosed by Bank Nov 10, 2018


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Project 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
  • World Bank (WB)
Contact Information

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.