Tunis, Tunisia, April 15, 2014—IFC,
a member of the World Bank Group, is helping the Central Bank of Tunisia
(BCT) make better use of its credit registry to improve financial stability
and increase access to finance for micro, small and medium enterprises
Over the past year, IFC assessed BCT’s credit registry and identified
opportunities for BCT to better use the available data and expand access
to finance. IFC’s support will help BCT strengthen banking sector supervision,
and offer data services that will help banks better manage credit risk,
a step towards boosting lending to MSMEs that often struggle to get the
finance they need.
“With IFC’s support, we will be able to get more from the data we have,
which will improve financial stability and expand lending practices, particularly
to small businesses,” said Chedly Ayari, Governor of Central Bank
BCT’s credit registry is the main source of credit information in Tunisia.
Effective use of this data is essential to help the financial sector reach
out to underserved segments, such as entrepreneurs that need access to
“Financial infrastructure development is a key priority for IFC, because
it is crucial to facilitate access to finance for micro and small businesses,
the main drivers of economic growth and job creation,” said Antoine Courcelle-Labrousse,
IFC Resident Representative in Tunisia.
IFC has worked hard to restore investor confidence in Tunisia by investing
over $100 million in the country since January 2011.
This project is funded by Switzerland’s State Secretariat for Economic
Affairs under the MENA MSME Technical Assistance Facility, a joint initiative
between IFC and the World Bank. The facility is also supported by
the Canadian Department of Foreign Affairs, Trade and Development, the
Danish International Development Agency, Japan, and UKaid.
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