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As announced in Tunis, during the 10th FEMIP Conference dedicated to SMEs in the Mediterranean partner countries, the Government of Luxembourg Directorate for Development and Cooperation and EIB launch today a EUR 4 million programme for supporting the development of the microfinance sector in Tunisia. The programme will be implemented by Appui au Développement Autonome (ADA) and will be rolled over the next five years. This initiative received the support of the FEMIP Trust Fund, established in 2004, whose main objective is to support private sector development in the Mediterranean partner countries.
With microfinance commitments in the Southern and Eastern Mediterranean region of over EUR 27 million in the last ten years, EIB supported local microfinance institutions...
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