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EU financial assistance measures for Tunisia announced as Chahed meets Hahn

Published the:  23/01/2019

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(TAP) – Prime Minister Youssef Chahed met, on Wednesday, with European Neighbourhood Policy & Enlargement Negotiations Commissioner Johannes Hahn.

The meeting took place on the fringes of Chahed’s participation in the World Economic Forum held January 22-25 in Davos (Switzerland).

Hahn announced at the end of the meeting a set of financial assistance measures for Tunisia amounting to €305 million (about 1.052 billion dinars), i.e. “the highest amount ever granted by the European Neighbourhood Instrument (ENI)”.

“This funding is divided between several programmes with €60 million (about 207MD) for the Youth in Action programme that aims to improve “the economic, political and social inclusion of the most vulnerable Tunisian youth through improving their access to the labour market, investment in culture and sport and enhancing their participation in the political life,” a EU press release reads.

€15 million (about 52MD) are devoted to strengthening the structure of the Tunisian eco-system in terms of innovation and entrepreneurship.

The funding also includes €70 million (241MD) to foster local development and reduce regional and local disparities.

Moreover, €160 million (552MD) are “allocated to several assistance programmes and actions for key economic sectors”, including the private sector and urban development, culture and tourism as well as for modernising and reforming the Tunisian administration