World Bank willing to support PPP in Tunisia (Ministry of Development) | Tunisia News Gazette

World Bank willing to support PPP in Tunisia (Ministry of Development)

World Bank Vice President for Middle East and North Africa Region Hafez Ghanem highlighted Friday in Tunis the willingness of the World Bank and financial institutions associated with it to support Tunisia’s move to foster public-private partnership as an effective mechanism to implement major growth-enhancing projects and able to relieve pressure on state budget.

Ghanem, whose remarks were reported in a statement by the Ministry of Development, Investment and International Cooperation, stressed at a meeting with interim Finance Minister Fadhel Abdelkefi, his institution’s commitment to provide Tunisia the financial and technical support needed to ensure the success of this approach in several areas.

For his part, Minister of Development, Investment and International Co-operation and interim Finance Minister Abdelkefi explained the difficulties and pressures facing public finance.

He said the government is currently working on the preparation of the state budget for the year 2018 and the setting up of scenarios and proposals aimed at alleviating the various pressures, ensuring global balances and boosting growth.

The minister added that the government will focus its efforts in the next period on public-private partnership by encouraging the implementation of major projects, so as to reduce the pressure on the state budget and to give the chance for the private sector to contribute to the revival of investment, one of the main engines of growth.

Source: TAP News Agency

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