Tunis, Tunisia, October 7, 2013—IFC,
a member of the World Bank Group, and the Organization for Economic Cooperation
and Development (OECD) today supported the Tunisian Ministry of Development
and International Cooperation to begin a project that will set up the Tunisia
Investment Authority and improve investment opportunities in the country.
The project will review Tunisia’s institutional framework, and the processes
that govern investments in Tunisia. It will seek to improve public sector
governance of investment regulations and develop investment strategies
for key sectors. It will also maintain dialogue between the public and
private sectors, to ensure transparency in forming policies to expand the
economy and create jobs.
“The successful implementation of this project will increase investments,
as well as the number of firms investing, and enhance the business environment
for local and foreign businesses,” said Lamine Doghri, Minister of Development
and International Cooperation. “We are looking forward to our continued
partnership with IFC and OECD.”
The collaboration builds on extensive efforts to improve the investment
climate in Tunisia, especially over the past two years. The country has
benefited from the Investment Policy Review undertaken by the OECD, in
cooperation with the government, and the project will complement an ongoing
review of Tunisia’s Code of Investment, which encourages principles of
non-discrimination, transparency, and competition.
“As part of IFC’s commitment to bolstering the investment climate in
the Middle East and North Africa, this project will play a crucial role
in encouraging new and retaining old investment in Tunisia, thus fostering
competition, creating growth, and providing jobs,” said Antoine Courcelle
Labrousse, Resident Representative of IFC in Tunisia.
Karim Dahou, Executive Manager at the OECD, said: “By enhancing the coordination
of investment policy in strategic sectors, this partnership should help
Tunisia upgrade international value chains, and create employment opportunities.”
This project was made possible with support
from the MENA Transition Fund, a vehicle created by the Deauville Partnership.
The fund demonstrates a joint commitment by G8 member countries, Gulf Cooperation
Council countries, regional partners, and international and regional financial
institutions to promote more accountable governance, sustainable economic
growth, and greater employment opportunities for young people and women.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in more than 100 countries, we use our capital, expertise,
and influence to help eliminate extreme poverty and promote shared prosperity.
In FY13, our investments climbed to an all-time high of nearly $25 billion,
leveraging the power of the private sector to create jobs and tackle the
world’s most pressing development challenges. For more information, visit
The mission of the Organization for Economic Co-operation and Development
(OECD) is to promote policies that will improve the economic and social
well-being of people around the world. The OECD provides a forum in which
governments can work together to share experiences and seek solutions to
common problems. Drawing on facts and real-life experience, we recommend
policies designed to make the lives of ordinary people better.