Tunis, Tunisia, January 27, 2017—Mouayed
Makhlouf, IFC Director for the Middle East and North Africa, has just completed
a two-day visit to Tunisia. During the trip he met with senior government
officials, re-affirming IFC's support for the country and exploring ways
to increase private sector participation in the economy. During his visit,
Makhlouf announced that IFC targets a $300 million each year in Tunisia
to support private sector.
Makhlouf attended working sessions with the
minister of employment and vocational training, the minister of development,
investment and international cooperation, and the minister of commerce
and industry. He also met with business leaders, to discuss ways IFC can
help them. The visit is part of broader effort by IFC to help create jobs,
bolster local infrastructure, increase economic inclusion, and spur foreign
investment in Tunisia, which has struggled economically since the Arab
“Tunisia has tremendous potential, but the
government cannot drive economic growth alone,” said Makhlouf. “The country
needs to create a favorable environment for the private sector which has
the potential to drive innovation, create jobs, and deliver the infrastructure
projects that will lay the foundation for the country's future. IFC stands
ready to support the country in its economic transition."
This marks Makhlouf's second visit to Tunisia
in three months. In November, he attended Tunisia 2020, a conference designed
to spur discussion about the country's economic development. There he signed
an agreement to help Tunisia's government develop public-private partnerships
in the water, power, and transport sectors.
IFC invested $1.5 billion in the Middle East
and North Africa in 2016.
IFC, a member of the World Bank Group, is
the largest global development institution focused on the private sector
in emerging markets. Working with 2,000 businesses worldwide, we use our
six decades of experience to create opportunity where it’s needed most.
In FY16, our long-term investments in developing countries rose to nearly
$19 billion, leveraging our capital, expertise and influence to help the
private sector end extreme poverty and boost shared prosperity. For more
information, visit www.ifc.org