AfDB, World Bank Pledge $1B for Tunisia

The entrance to Medina in Tunis, Tunisia. The African Development Bank and World Bank have pledged $1 billion to boost the country's transition to democracy. Photo by: Dana Smillie / World Bank / CC BY-NC-ND

The African Development Bank and World Bank announced they will be providing $1 billion in budget support to Tunisia, at a meeting of both institutions’ presidents in the country’s capital, Tunis, on May 3.

AfDB President Donald Kaberuka and World Bank President Robert Zoellick revealed the joint cooperation, which will have each bank setting aside $500 million to boost Tunisia’s transition to democracy.

“We are working very closely together to support Tunisia in this period of transition. I am pleased the World Bank President is here today to confirm further our support for Tunisians and to ensure that the country keeps moving on,” Kaberuka said.

“We’re absolutely delighted in Tunisia that the African Development Bank and the World Bank are able to provide early signals of support, which I think are very important for the confidence of the country,” Zoellick said, as quoted in an AfDB press release. 

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About the author

  • Louie-An Pilapil

    Louie-An is a former senior development analyst at Devex Manila. She has held consulting and editorial positions at the Asian Development Bank in Manila and a business-to-business media company in Hong Kong and mainland China.