PROJECT DESCRIPTION

The programme, of which this project is a part, aims to stabilize Tunisia's public finances and support essential financial and banking sector reforms to improve the operating environment for MSMEs, attract private investors, and create jobs. It includes a Grant Fund, provided by the KfW, to aid the transformation within the sector through consultations with public and financial institutions.

ICON supports the Tunisian Ministry of Finance in managing the Grant Fund. This includes a needs assessment of eligible beneficiary institutions, support in the preparation and selection of potential sub-projects, the procurement and coordination of each sub-project in line with KfW procurement and project management guidelines, as well as support to regular audits ensuring compliance and effectiveness. Examples of subprojects include a) Principles for Financial Market Infrastructures “PFMI” Assessment and implementation of a risk management framework in favor of Tunisie Clearing. b) Technical assistance for the transparency of the Negotiable Debt Securities market for the Central Bank of Tunisia, and c) Governance of financial risk management linked to the effects of climate change at the level of financial institutions in Tunisia.

Secondly, ICON also supports the Bank Deposit Guarantee Fund by establishing processes, training staff, and ensuring institutional and financial sustainability.

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