Tunisia ministry of industry, energy



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2.4. Firms’ recent opinion.

41. In April-May 2009, IACE carried out an opinion survey modeled on the World Bank’s “quick reaction” surveys. These surveys focus on business leaders’ perception of the crisis and touch upon several issues including corporate financing. The Tunisian data25 provide a recent point of view on the issue and highlight the persistence of the problem.



Chart 15. Perception of financing problems in April-May 2009 (Pct.).


Source: IAECE, Quick Reaction Survey, April-May 2009.

42. The data show that 29 percent of enterprises considered that access to financing (availability and cost) was a major or even very severe problem. In addition, 53 to almost 60 percent of enterprises surveyed estimated that access to bank lending would be affected in the coming year by the current instability and volatility of European financial markets (Chart 15).


43. A large majority of enterprises (63 percent) do not expect any significant changes in conditions of access to bank lending in the coming year. Lastly, access to financing (availability and cost) is still considered as one of the main problems facing Tunisian companies and SMEs currently and in the coming year.




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