Policy Note on SMEs Access to Finance in Tunisia

The Tunisian government has long been aware of the need to support companies in their search for financing. Over the last decade, the government has strengthened legal and regulatory frameworks in this area, created public financing systems, facilitated the development of financial markets and helped to expand the supply of financial products, especially those geared at SMEs. SMEs play a vital role in Tunisia because at least 97.8 percent of Tunisian firms (across all sectors) fall into this category. The main consequence of the prevalence of SMEs in Tunisia s economic landscape is that all economic development strategies are de facto based on the performance of this category of companies. SMEs ability to obtain financing for their business operations and investments is therefore crucial to Tunisia s future economic development.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2009-12
Subjects:	ACCESS TO BANK, ACCESS TO FINANCE, ACCESS TO FINANCIAL SERVICES, ACCESS TO FINANCING, ACCOUNT RECEIVABLES, ADVANCED ECONOMIES, AMOUNT OF COLLATERAL, ASSET FINANCING, AVAILABILITY OF CREDIT, BALANCE SHEETS, BANK ASSETS, BANK CREDIT, BANK FINANCING, BANK LENDING, BANK LOANS, BANKING LAW, BANKING SECTOR, BANKING SERVICES, BANKING SYSTEM, BANKRUPTCY, BANKRUPTCY LAWS, BANKS, BENEFICIARIES, BENEFICIARY, BOURSE, BUDGET DEFICIT, BUSINESS CENTERS, BUSINESS CREDIT, BUSINESS FORMATION, BUSINESS INCUBATORS, BUSINESS OWNERS, BUSINESS PLANS, CAPITAL FORMATION, CAPITAL REQUIREMENTS, CAPITALIZATION, CASH FLOW, CENTRAL BANK, CENTRAL BANK OF TUNISIA, COLLATERAL, COLLATERAL REQUIREMENTS, CONSTRAINTS ON ACCESS, CONSULTING SERVICES, CONSUMER CREDIT, CONSUMER LOANS, CONTRACT ENFORCEMENT, CORPORATE FINANCING, COST OF CAPITAL, COST OF CREDIT, COUNTRY COMPARISONS, CREDIT BUREAU, CREDIT BUREAUS, CREDIT CARDS, CREDIT GUARANTEE, CREDIT HISTORIES, CREDIT HISTORY, CREDIT HISTORY INFORMATION, CREDIT INFORMATION, CREDIT INFORMATION SYSTEMS, CREDIT INSTITUTION, CREDIT INSTITUTIONS, CREDIT REGISTRY, CREDIT REPORTING, CREDIT REPORTING SYSTEM, CREDIT SCORING, CREDIT-SCORING, CREDITS, CURRENT ACCOUNT, CURRENT ACCOUNT DEFICIT, DEBT, DEBT FINANCING, DEBT RATIO, DEBTOR, DEBTS, DECENTRALIZATION, DEFAULT RISK, DEPOSIT, DEPOSITS, DEVELOPMENT BANKS, DISTRIBUTION OF CREDIT, DIVERSIFICATION, EARNINGS, ECONOMIC AGENTS, ECONOMIC COOPERATION, ECONOMIC CRISIS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC INITIATIVE, EMERGING ECONOMIES, EMPLOYER, ENTREPRENEURS, EQUIPMENT, EQUITY CAPITAL, EQUITY INVESTMENTS, EQUITY RATIO, EXCHANGE RATE, EXPENDITURES, EXPLOITATION, EXTERNAL FUNDS, FACTORING, FARMERS, FINANCIAL ASSISTANCE, FINANCIAL CRISIS, FINANCIAL DATA, FINANCIAL INFORMATION, FINANCIAL INSTITUTIONS, FINANCIAL LEASING, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL PRODUCTS, FINANCIAL SYSTEM, FINANCING COST, FINANCING NEEDS, FINANCING SOURCES, FIXED ASSET, FIXED ASSETS, FIXED CAPITAL, FOREIGN BANKS, FOREIGN INVESTOR, FUNDING SOURCES, GLOBAL ECONOMY, GUARANTEE FUND, GUARANTEE SCHEMES, HANDICRAFTS, INDICATORS OF ACCESS, INDUSTRIAL ENTERPRISES, INFLATION, INTANGIBLE, INTANGIBLE ASSETS, INVESTMENT BANKS, INVESTOR PROTECTION, ISLAMIC FINANCE, LACK OF COLLATERAL, LACK OF INFORMATION, LACK OF KNOWLEDGE, LEGAL FRAMEWORK, LENDERS, LIQUIDITY, LOAN, LOAN APPLICATIONS, LOAN PRODUCTS, LOAN REQUEST, LONG TERM ASSETS, LONG-TERM ASSET, LONG-TERM FUNDING, MACROECONOMIC ENVIRONMENT, MACROECONOMIC MANAGEMENT, MARKET CAPITALIZATION, MARKET DEVELOPMENT, MATURE MARKET, MFI, MICROCREDIT, MICROFINANCE, MONETARY FUND, MORTGAGE, MOVABLE ASSET, MUTUAL FUNDS, NATIONAL GUARANTEE, NET INTEREST MARGIN, NEW BUSINESS, NEW COMPANY, NOMINAL INTEREST RATES, NON-PERFORMING LOANS, OPERATING COSTS, OPERATIONAL COSTS, OUTSTANDING CREDIT, OUTSTANDING CREDITS, PORTFOLIOS, PRIMARY MARKET, PRIVATE CREDIT, PRIVATE CREDIT BUREAUS, PRIVATE ENTERPRISES, PRIVATE EQUITY, PRIVATE INVESTMENT, PRIVATE SECTOR FINANCING, PRIVATIZATION, PROFITABILITY, PROMOTION ACTIVITIES, PUBLIC BANK, PUBLIC BANKS, PUBLIC CREDIT, PUBLIC REGISTRIES, RATE OF RETURN, REAL ESTATE, REAL ESTATE LOANS, RECESSION, REGISTRATION SYSTEMS, REGULATORY FRAMEWORKS, REPAYMENT, REPAYMENT CAPACITY, RETAINED EARNINGS, RISK SHARING, RISK TAKING, SECONDARY MARKET, SEED FUNDS, SELF FINANCE, SELF-FINANCING, SETTLEMENT, SHORT-TERM FINANCING, SMALL ENTERPRISES, SOCIAL DEVELOPMENT, SOURCE OF INFORMATION, START-UP, START-UPS, STOCK EXCHANGE, STOCK MARKET, STOCK MARKET DEVELOPMENT, SUPPLY OF FINANCING, TECHNICAL ASSISTANCE, TELECOMMUNICATIONS, TERM CREDIT, TERM CREDITS, TRADING, TRANSACTION, TRANSPARENCY, TRANSPORT, UNEMPLOYMENT, UNION, UNIVERSAL BANKS, VALUATION, VENTURE CAPITAL, VENTURE CAPITAL FIRMS, VENTURE CAPITAL INVESTMENT, VENTURE CAPITALISTS, WORKING CAPITAL,
Online Access:	http://documents.worldbank.org/curated/en/2009/12/16350506/tunisia-policy-note-smes-access-finance-tunisia https://hdl.handle.net/10986/12951
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