São Paulo – The Organisation for Economic Co-operation and Development (OECD), the African Development Bank and the International Finance Cooperation, a branch of the World Bank that operates in the private sector, should help the government of Tunisia in the formulation of a new public-private partnership (PPP) law and in a new investment code. The objective, according to a press statement by the OECD, is to expand transparency and open the country to new investors.
The assistance will come through a US$ 3.85 million loan. Among the projects to be benefited are the establishment of a new organisation responsible for PPPs and a new investment regulator.
It is expected that this should help the country improve public services and infrastructure – lowering costs for the state -, as well as creating a “sound institutional framework” and “robust sectorial strategies” to “boost investment in high growth sectors”.
According to the OECD, money is part of the Fundo for Transition of the countries of the Middle East and North Africa, established by the G8 after the Arab Spring. The organisation has informed that it is going to mobilize its networks of formulators of PPP and investment policies to support Tunisia in this task.
The fund has 10 donor countries: Canada, France, Japan, Kuwait, Qatar, Russia, Saudi Arabia, the United Arab Emirates, the United Kingdom and the United States.
*Translated by Mark Ament
