The European Bank for Reconstruction and Development (EBRD) Trade Facilitation Programme (TFP) supported its highest ever number of transactions in Tunisia in 2022, placing it first among the economies in which the bank operates.
The programme facilitated 263 trade transactions in Tunisia in 2022 for a total volume of €205 million.
Helping to mitigate the disruptions to trade and supply chains caused by uncertain market and economic conditions, the EBRD stepped up its efforts to support the Tunisian economy by increasing existing trade finance lines for Tunisian partner banks.
The TFP currently has three active issuing banks in Tunisia: Banque de Tunisie, UBCI and Amen Bank.
The programme has supported transactions in various sectors, including imports related to food security, consumer goods, vehicles and spare parts, industrial and construction goods, metal goods, textiles, telecoms, chemicals, electrical goods and medical goods.
In 2022, the TFP supported its highest ever number of transactions in a single year across all economies where the Bank invests. It facilitated 1,768 transactions worth a record €3.6 billion with 91 partner banks in 27 countries. Its contribution to total Annual Bank Investment (ABI) stood at an all-time high of 17.5 per cent.
The EBRD’s TFP promotes international trade to, from and within the economies where the Bank invests. Through the programme, the EBRD provides guarantees to international confirming banks, taking on the political and commercial payment risk of international trade transactions undertaken by banks in these countries. The programme provides access to finance for exporters and importers, strengthens local compliance capacity and advances trade finance skills.
Since 1999, the EBRD’s TFP has supported 31,300 transactions worth more than €32 billion in various sectors of the economies in which the Bank invests.
The EBRD has invested more than €1.9 billion in 61 projects across Tunisia, in both the private and public sectors, since the start of its operations there in 2012.
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