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Tunisia: 100 MTD to save companies in economic difficulties

The creation of a fund of 100 million Tunisian dinars (MTD) housed within the Bank for Financing Small and Medium Enterprises (BFPME) to help companies in difficulty was announced by Minister of Economy and Finance Hakim Ben Hammouda during a press briefing held Monday, June 23, 2014, on the sidelines of the strategic workshop on the new model of development.

One of the main conditions for access to the fund, however, is that the company must not already be the subject of a rescue procedure under Law 34/95 related to companies in difficulty.

The fund that targets some 200 companies experiencing difficulties resulting from economic conditions since 2011 will provide funds to strengthen capital, bridging loans and participatory credits after diagnosis and support, not to mention the guarantee of the Tunisian Guarantee Company (Sotugar).

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