Tunisia- BCT calls for the creation of a recovery fund intended for weakened companies

Confronted with the significant outcomes of the coronavirus crisis on the economic fabric, the Macro-prudential Surveillance and Financial Crisis Management Committee relating to the BCT, proposed during a meeting the creation of a recovery fund designed to assist weakened businesses and secure the circumstances conducive to their revival.

During the sixth meeting of this board, its members further agreed on the necessity to further improve monitoring for observing the impact of the crisis on public and private operators and to increase support means to guarantee the supporting of economic activity and assuring the stability and soundness of the financial sector.

Through this proposal, the members of the committee emphasise the necessity to improve the support mechanisms and the exceptional steps were taken by the public and regulatory authorities to curb the economic impact of the crisis, reports the TAP agency.

The institutional and practical modalities of this fund should be settled in with the ecosystem.

The committee examined the evolution of the economic and financial situation during the year 2020 and reviewed the situation of the banking sector and the consequences of the stress test which revealed the resilience of the sector in the light of the health pandemic crisis. , as well as activity on the financial market, insurance companies and micro-finance institutions