Tunisia became a member of IFC in 1962. During fiscal year 2006, IFC invested $12.7 million in the Maghreb Private Equity Fund II, a regional private equity fund targeting small and medium enterprises in Algeria, Morocco and Tunisia. The fund is managed by Tuninvest Finance Group, an independent Tunisian financial services company.
IFC’s strategy in Tunisia focuses on investing in:
- Financial sector
- Large and complex private sector infrastructure projects or in sectors such as information technology, health and education, which are not serviced by Tunisian commercial banks
IFC also plans to step up its advisory activities through its IFC PEP-MENA, particularly to improve the country's investment climate and corporate governance practices.
