Tunisia Economic Resilience and Inclusion (TERI) is a Country Umbrella Program, administered by the World Bank, that is structured around an Anchor Multi-Donor Trust Fund (MDTF) and three associated MDTFs (Moussanada, Compact with Africa, and TRACE). The Program aims at supporting projects and structural reforms to improve resilient and inclusive economic development through three areas of intervention:
Since its launch in March 2021, TERI offers a comprehensive and flexible instrument to support structuring and priority reforms in the country through technical assistance and advisory services, while serving as a coordination platform for policy dialogue.
The TERI Umbrella Program will allow swift and efficient responses to newly emerging national priorities during its eight years of existence, making it an agile instrument for impactful results.
The Program is fully aligned with the Country Partnership Framework and represents a mechanism that complements existing lending instruments to maximize impact. Via the TERI Umbrella Program, the World Bank combines its expertise, knowledge, and policy dialogue with actions taken through its operations. It further supports the government of Tunisia in designing and implementing more inclusive, transparent, and efficient systems in the three areas of intervention.
TERI was launched to streamline and harmonize government, donor, and World Bank interventions, align strategies, and exploit synergies to support Tunisia’s reform agenda more effectively.
Three pre-existing Multi-Donor Trust Funds, each with their specific agenda and development objectives, but all aligned with TERI development objectives, have been associated with TERI’s Umbrella Program:
The objective of Moussanada MDTF is to provide technical assistance, capacity building, and equipment support to the Republic of Tunisia to support financial stability and foster good public governance in the field of decentralization, employment policies, and public finance. The MDTF also provides tailored support to facilitate policy dialogue around structuring reforms in the above-mentioned areas. Being associated with TERI, this Trust Fund will remain active until June 2024 and will contribute to achieving results for Pillar 1 and Pillar 3 of TERI's Development Objectives.
The objective of the CwA MDTF is to support the Government of Tunisia (GoT) in the implementation of the policy reform matrix related to investment and business environment in the framework of the G20 Compact with Africa Initiative. The main purpose of this initiative is to support Compact Countries in attracting more investment through the implementation of relevant reforms and improvement of communication and marketing of investment opportunities. In line with the general approach of the CwA policy matrix developed across all pilot countries, three frameworks have been identified and for which support is provided: (i) the macroeconomic framework; (ii) the investment framework; and (iii) the financing framework. Being associated with TERI, this Trust Fund will remain active until December 2023 and will contribute to achieving results for Pillar 1 and Pillar 2 of TERI’s Development Objectives, notably supporting the modernization of the public sector and investment climate.
The main objective of the Tunisian Rural and Agricultural Chains of Employment (TRACE) Trust Fund is to support job creation in the agri-food sector by strengthening the productivity and resilience of small producers and the competitiveness of agri-food cooperatives and small and medium-sized enterprises (SMEs) in some agri-food subsectors through better access to knowledge, innovation, and financial services. TRACE supports three governorates in Tunisia’s lagging regions: Jendouba in the North-West, Kairouan in the Center-West, and Gabes in the South. TRACE provides technical assistance and financial support to producer organizations and SMEs through matching grants executed by recipients. The TRACE MDTF will remain active until 2025 and will contribute to Pillar 2 and Pillar 3 of TERI's Development Objectives, with a specific focus on improving social and economic inclusion by supporting job creation in these three governorates.
