Tunisia gets World Bank support to develop catastrophe insurance market

Tunisia is to get World Bank support and funding to help it develop its catastrophe insurance market and cover people and assets against the impacts of disasters and climate-related events, the World Bank reported. Tunisia currently has a very low level of insurance penetration (around 2%) and so the World Bank, alongside the French Development Agency (AFD), are financing $50 million each, for a total of $100 million into a project to strengthen and enhance disaster and climate resilience in Tunisia. Key among the initiatives is the development of a…

Libyan-Tunisia fund for Libyan reconstruction being considered: Libyan-Tunisian Businessmen Council

Abdelhafid El Sakroufi, the head of the Supreme Council of Libyan Tunisian Businessmen (SCLTB), an organization that represents one group of Libyan and Tunisian business leaders, stated that the Council is working on a Tunisian-Libyan fund for the reconstruction of Libya, with Tunisian and Libyan funds, as well as international funds. He indicated that boosting investment between Tunisia and Libya basically requires changing investment laws, Libya Herald reported. El-Sakroufi also said that Libya intends to recruit 3,000 Tunisian teachers and medical staff through international cooperation. Speaking to Tunisian media Thursday,…