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AfDB Approves 92.3 Million Euros to Improve Living Conditions in Tunisia

Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)
Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)
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AfDB Approves 92.3 Million Euros to Improve Living Conditions in Tunisia

Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)
Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)

The African Development Bank (AfDB) said on Tuesday it approved a financing package of 92.3 million euros to support business competitiveness and empower the Tunisian population through job creation, according to the German news agency, dpa.

The financing consists of a 90-million-euro loan from the Bank Group, and a grant of 2.3 million Euro under the Affirmative Finance Action for Women in African (AFAWA) initiative.

It aims to provide young people and women looking for work with the skills they need to access salaried jobs, to improve living conditions and promote economic inclusion through entrepreneurship and skills development.

The Tunisian government forecasts that the program could enable the creation of more than 118,000 formal jobs.

Tunisia struggles with economic difficulties that have led to a decline in public sector employment, due to a fiscal crisis, in addition to widespread unemployment among young people and university graduates.

The unemployment rate in Tunisia stands at 16.1% according to the latest data. The unemployment rate for youth in the 15-24 age bracket rose to 39.2% while the unemployment rate among people with a higher education degree reached 23.4%.

Last June, the European Union, the EIB, AFD Group and KfW announced a major joint investment of 270.9 million euros to support Tunisia's entrepreneurial ecosystem.

Also, two credit lines worth 170 million euros and 80 million euros, and 10.5 million euros for the Dhamen Express guarantee facility, were deployed to increase access to finance for MSMEs in Tunisia.

At least 30% of the funds from the EIB and 35% of those from AFD went to projects promoting social inclusion, targeting women, youth employment and less-favored areas, as well as the green economy and climate resilience.

This initiative underscored the commitment of the EU, the European Investment Bank (EIB), Agence Française de Développement (AFD) and Kreditanstalt für Wiederaufbau (KfW) to support projects that have a high social impact and promote the economic recovery of Tunisia’s micro, small and medium-sized enterprises (MSMEs), taking a Team Europe approach.

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Turkish Foreign Minister Says No Room for Kurdish Militants in Syria's Future

A handout photo made available by the Turkish Foreign Ministry Press Office shows Turkish Foreign Minister Hakan Fidan (L) and Syria's opposition leader Ahmed al-Sharaa (R), also known as Abu Mohammed al-Jolani, shaking hands during their meeting in Damascus, Syria, 22 December 2024. EPA/TURKISH FOREIGN MINISTRY PRESS OFFICE
A handout photo made available by the Turkish Foreign Ministry Press Office shows Turkish Foreign Minister Hakan Fidan (L) and Syria's opposition leader Ahmed al-Sharaa (R), also known as Abu Mohammed al-Jolani, shaking hands during their meeting in Damascus, Syria, 22 December 2024. EPA/TURKISH FOREIGN MINISTRY PRESS OFFICE
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Turkish Foreign Minister Says No Room for Kurdish Militants in Syria's Future

A handout photo made available by the Turkish Foreign Ministry Press Office shows Turkish Foreign Minister Hakan Fidan (L) and Syria's opposition leader Ahmed al-Sharaa (R), also known as Abu Mohammed al-Jolani, shaking hands during their meeting in Damascus, Syria, 22 December 2024. EPA/TURKISH FOREIGN MINISTRY PRESS OFFICE
A handout photo made available by the Turkish Foreign Ministry Press Office shows Turkish Foreign Minister Hakan Fidan (L) and Syria's opposition leader Ahmed al-Sharaa (R), also known as Abu Mohammed al-Jolani, shaking hands during their meeting in Damascus, Syria, 22 December 2024. EPA/TURKISH FOREIGN MINISTRY PRESS OFFICE

Türkiye’s foreign minister said after meeting Syria's de facto leader in Damascus on Sunday that there was no room for Kurdish militants in Syria's future, calling for the YPG militia to disband.
Türkiye regards the YPG as an extension of the Kurdistan Workers Party (PKK) militants who have fought an insurgency against the Turkish state for 40 years and are deemed terrorists by Ankara, Washington and the European Union.
Sunday's visit to Damascus by Hakan Fidan, the first foreign minister to visit Damascus since Bashar al-Assad's overthrow two weeks ago, came amid hostilities in northeast Syria between Turkish-backed Syrian fighters and the YPG, which spearheads the US-allied Syrian Democratic Forces (SDF) in the northeast.
Speaking alongside Syria's de facto leader Ahmed al-Sharaa, Fidan said he had discussed the YPG presence with the new Syrian administration and believed Damascus would take steps to ensure Syria's territorial integrity and sovereignty.
"In the coming period, the YPG must come to a point where it is no longer a threat to Syria's national unity," Fidan said, adding the YPG should disband.
The SDF played a key role defeating ISIS militants in 2014-2017 with US air support, and still guards ISIS fighters in prison camps. US Secretary of State Antony Blinken warned that the group would try to re-establish capabilities in this period.
Fidan said the international community was "turning a blind eye" to the "illegality" of the SDF and YPG's actions in Syria, but added that he believed US President-elect Donald Trump would take a different approach.
He said the new Syrian administration had told him during their talks that they could manage the ISIS prison camps, if needed.
In a Reuters interview on Thursday, SDF commander Mazloum Abdi acknowledged the presence of PKK fighters in Syria for the first time, saying they had helped battle ISIS and would return home if a total ceasefire was agreed with Türkiye. He denied any organizational ties with the PKK.
The SDF has been on the back foot since Assad's fall, with the threat of advances from Ankara and Türkiye-backed groups as it looks to preserve political gains made in the last 13 years, and with Syria's new rulers being friendly to Ankara.
Earlier, Türkiye's defense minister said Ankara believed Syria's new leadership, including the Syrian National Army (SNA) armed group which Ankara backs, will drive YPG fighters from all of the territory they occupy in the northeast.
Ankara, alongside Syrian allies, has mounted several cross-border offensives against the Kurdish faction in northern Syria and controls swathes of Syrian territory along the border, while repeatedly demanding that its NATO ally Washington halt support for the Kurdish fighters.
Ankara had for years backed opposition groups looking to oust Assad and welcomed the end of his family's brutal five-decade rule after a 13-year civil war. Türkiye also hosts millions of Syrian migrants it hopes will start returning home after Assad's fall, and has vowed to help rebuild Syria.
Fidan said all international sanctions imposed against Assad must be lifted as soon as possible to help Syria start rebuilding, offering Ankara's assistance on matters such as infrastructure development.
Sharaa told Sunday's press conference his administration would announce the new structure of the defense ministry and military within days.