Page 25 - 國合會2016電子書-英文

Operations

3 Case Study

EBRD Financial Intermediary
Investment Special Fund—Small
Business Account—Phase III—
Tunisie Leasing S.A. MSME Project

Tunisia hopes to draw on the development experiences of the international community.

The outbreak of the democratic Integrating technical assistance help Tunisie Leasing S.A. improve
movement in Tunisia in December and policy dialogue to improve its asset liability function and liquidity
2010 led to a wave of revolutions business environment management, and offer loan procedure
termed the Arab Spring by the Tunisia is a northern African nation consultation services to assist Tunisie
Western media. In some Arab with highly developed textile and olive Leasing S.A. establish a credit review
states, protests and demonstrations oil industries, and the developing committee. In terms of policy dialogue,
calling for an end to their tourism industry is one of its important the project team collaborated with
authoritarian regimes took place. sources of foreign exchange earnings. institutions such as the International
Several countries, including Tunisia, MSMEs play a vital role in Tunisia, Monetary Fund (IMF) to persuade
Egypt, Jordan and Morocco, found as 99 percent of businesses in this the Tunisian government to make
themselves in need for political country fall under this category, adjustments to national policies
and economic reform after the employing 74 percent of the country’s that would create a more favorable
revolution and hoped to draw on working population. Despite this, business environment.
the successful experiences of the local MSMEs are underserved by the
international community to ensure a banking sector. Only 15 percent of the
smooth transition. country’s total lending goes to MSMEs
The countries mentioned above and therefore capital shortage has
are member states of the European become a critical problem for local
Bank for Reconstruction and MSMEs.
Development (EBRD), with which To solve this problem, through the
Taiwan has closely cooperated Financial Intermediary Investment 10.55 million
in the past. Through the jointly Special Fund - Small Business
established Financial Intermediary Account, the TaiwanICDF joined Total lending of EUR
Investment Special Fund (FIISF), EBRD’s effort to finance a leading in Phase I
we have enabled the regional MSME-oriented leasing company
financial institutions to offer loans with outstanding performance and
to micro, small and medium-sized credit records, the Tunisie Leasing S.A.
enterprises (MSMEs) in EBRD This project offered EUR 3 million for
countries of operation, helping them lending to MSMEs. Since 2014, the
overcome financial bottlenecks over first phase of this project has assisted
the years. Our aim is to support over 250 local MSMEs to successfully
economic growth in these countries obtain loans.
through the development of the In addition to funds, this project
private sector, and thereby assist also ensured success of project
in the successful transition of these implementation and maximized added
countries. The Tunisie Leasing S.A. benefits through technical assistance
MSME Project was born out of this and policy dialogue. For example,
idea. consultants were dispatched to

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