Measures have been taken to bring dynamism to the privatization
process and notably to facilitate the financing of privatization operations:
Circular of the
Central Bank of Tunisia dated November 23, 1997 authorises banks to accord
within the framework of a privatization, medium-term credit directly to the
interested party, for the purpose of financing the purchase of a block of
controlling shares or assets.
credit, contracted by Tunisia with the European Investment Bank, are
available to venture capital companies (SICAR) within the framework of their
participation in privatization operations.
The Euro-Mediterranean cooperation programme
(MEDA) consolidates the support of the European Union for the privatization
process in Tunisia through a donation of 10 million Euros. This
donation, as the object of a specific financing convention signed in April 1998,
is intended for the financing of the "Project for Technical Assistance for
Privatization" (specific financing convention