The World Bank Group on Thursday announced a new five-year Country Partnership Framework (CPF) with Tunisia that supports the government's development plan to expand the economy to benefit all, create quality jobs, and boost resilience to climate change.
The strategy was discussed with the World Bank Group's Board of Directors and provides direction for the Bank Group to continue playing its role as a long-term partner of the country and its people.
The new CPF builds on Tunisia's 2023-25 development plan, the Tunisia Vision 2035 plan, the World Bank's Systematic Country Diagnostic as well as its forthcoming Country Climate and Development Report for Tunisia.
The CPF contains three high-level outcomes: quality jobs created by the private sector; strengthened human capital; and improved resilience to climate change and reduced carbon emissions.
It also aims to integrate two cross-cutting themes - (i) gender and (ii) accountability, participation, and trust - across programmes. The CPF also places a spotlight on migration as a driver of opportunity for the country.
The World Bank Group on Thursday announced a new five-year Country Partnership Framework (CPF) with Tunisia that supports the government's development plan to expand the economy to benefit all, create quality jobs, and boost resilience to climate change.
The new CPF builds on Tunisia's 2023-25 development plan and its Vision 2035 plan, the World Bank's Systematic Country Diagnostic as well as its forthcoming Country Climate and Development Report for Tunisia, reads a WB press release.
The CPF contains three high-level outcomes: quality jobs created by the private sector; strengthened human capital; and improved resilience to climate change and reduced carbon emissions.
It also aims to integrate two cross-cutting themes, the first is gender and the second is accountability, participation, and trust - across programmes. The CPF also places a spotlight on migration as a driver of opportunity for the country.
The CPF will be implemented jointly by the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA), with an annual allocation over five years of around $400-$500 million as well as investments from the IFC and guarantees from MIGA.
Talks as part of the CPF were paused last March 6 following a controversy over Sub-Saharan migrants.
Source: Agence Tunis Afrique Presse