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During the Spring Meetings hosted by the World Bank Group and the IMF, Tunisia signed a new €96.1 million financing agreement with the World Bank to support a strategic initiative aimed at enhancing higher education. The agreement, signed by Minister of Economy and Planning Samir Abdelhafidh and World Bank officials.
The funding will drive efforts to improve the quality, innovation, and adaptability of Tunisia’s higher education system, ultimately enhancing graduate employability.
This development followed high-level discussions between Minister Abdelhafidh and Ethiopis Tafara, Vice President of the International Finance Corporation (IFC), focusing on expanding economic cooperation and identifying new opportunities for development financing. The meetings were attended by senior IFC representatives, Tunisia’s Ambassador to Washington, and other key officials.
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The agreement provides the funding under favourable conditions, including a 28-year repayment term with an initial eight-year grace period. The funds are allocated exclusively to improve the quality and efficiency of higher education in Tunisia.
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