ENP Newswire -
Release date- 29042014 -
The second Governance, Opportunity, and Jobs Development Policy Loan (GOJ DPL) focuses on laying the foundations for a competitive economy to create more and better jobs for the Tunisian people and provide financial support for macroeconomic stabilization.
Growth and better economic governance will be essential for addressing the challenges surrounding the country's transition, as well as keeping up the momentum emerging from the new constitution. Following an intense concentration on emblematic governance reforms in the immediate aftermath of the 2011 revolution, the focus of
'This loan is an effort on the part of the
This-the second in a series of three DPLs-is focused on the urgent need for reforms to stimulate investment, most notably in the private sector, to address the post-revolutionary economic slowdown. Specifically, the targeted policy objectives are:
Promoting private investment and establishing a more competitive environment
Restructuring the financial sector
Improving the quality and accountability of social sector services
Increasing the accountability of public policies and finance
As part of the reform program supported by the DPL, the Tunisian government has made progress in opening up the telecommunications sector, which is seen as a driver of growth and one of the backbones for the recovery of the entire economy. Reforms in this sector will translate into more affordable, competitive, and accessible telecommunication services for Tunisian citizens and businesses alike.
The program has also supported important reforms in the governance of public banks to facilitate their restructuring and improve the stability of the banking sector, while making finance more accessible to Tunisian businesses. Reforms supported by the DPL will institutionalize citizen participation in the evaluation of public services across the country.
As a demonstration of the new
The first GOJ DPL-approved in November 2012-focused on the business environment by removing red tape, reducing the element of discretion, and increasing the degree of transparency in the investment process. It supported financial sector stability through strategic audits and regulations, and worked toward reforming key services including job-entry programs for young people, as well as the certification and accreditation process for higher education and health institutions and their staff. It also worked toward improving public access to information and greater transparency in budget preparation and reporting.
Along with budget support, the
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