| Project Detail |
The proposed Resilience and Recovery Emergency Development Policy Financing focuses on accelerating concrete reform
actions where upstream consensus and urgency have been triggered by the COVID-19 crisis while building the foundations
to tackling structural reforms that are critical for a strong recovery. The crisis has opened windows of opportunity to
advance reforms where consensus has strengthened or that have become more critical for Tunisia’s resilience, and
reforms promoted by the proposed operation build on policies supported by previous DPFs and complementary advisory
services and analytics (ASA), including a White Paper on Strategic Reforms (jointly prepared with the EU and EBRD). These
ASAs have allowed the identification of prior actions and phasing of reforms during intensive dialogue between the
government and the WB
. Risks and Mitigation
.
The overall residual risk rating of this operation is estimated at High. The major residual risks to the operation’s ability to
achieve its development objective include: (a) Political and Governance risks; (b) Macroeconomic risks; (c) Institutional
Capacity for Implementation and Sustainability; (d) Stakeholder risks; and (e) Security risks. These risks are either rated
as High or Substantial. Residual risks related to (i) Sector Strategies and Policies, (ii) Technical Design of Project or
Program, (iii) Fiduciary, and (iv) Environmental and Social, are rated as Moderate. The Bank will closely monitor these
risks, which are mitigated through technical assistance and government ownership |
