House of Representatives MPs approved the draft law for participatory financing with a massive 127 votes and zero objections and abstention.
“The draft law on participatory financing is a connection in the financing chain enabling to finance any project idea, through the electronic platform on which this financing is based,” stated Minister of Industry and SMEs, Salah Ben Youssef during a plenary session held Tuesday in Parliament.
According to him, this electronic platform built and managed by a company specialising in participatory financing will produce a link between the public, companies and projects in need of funding. This is likely to create a legal framework for this operation and encourage investors. According to the minister, this financing formula could, according to the minister, end bureaucracy and encourage the exploitation of new technologies.
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