World Bank2013-08-122013-08-122000-12-14https://hdl.handle.net/10986/15003This private sector assessment (PSA) aims at evaluating conditions for private sector development in Tunisia, how they evolved since 1994, and what are the remaining constraints to private investment. It lays out an elaborate framework, placing private sector development in Tunisia, within the context of global economic integration, while facing increased competition from international competitors (particularly those accessing the European market). The analysis of characteristics, and performance of the private sector reveals that although traditionally, Tunisian exports to Europe have been strong, they are now challenged by competition from Asian, and Central/Eastern European countries, a factor exacerbated by the continued anti-export bias of the domestic economy, in light of other countries' rapid investment incentives, which enable private activity to access the opening European market. Thus, improved competitiveness in the country is a major issue. The report proposes reforms in incentives for private sector growth, and in governance; discusses the need, and measures to expand financial access for small/medium enterprises; and proposes options to lay the foundation of a long-term private sector growth strategy. The report contains three volumes, the Executive Summary, and Proposed Reform Agenda; the Main Report; and, Annexes.en-USCC BY 3.0 IGOACCOUNTINGADMINISTRATIVE PROCEDURESANTI-COMPETITIVE PRACTICESBANK CREDITBANK EXPOSUREBANK LENDINGBANK PROCEDURESBANKING SERVICESBANKRUPTCYBANKRUPTCY PROCEDURESBARRIERS TO ENTRYBUSINESS INVESTMENTCAPITAL FORMATIONCAPITAL GAINSCAPITAL MARKETSCAPITAL REQUIREMENTSCAPITALIZATIONCOMMERCIAL BANK LOANSCOMMERCIAL BANKSCOMPANY LAWCOMPETITION POLICYCOMPETITIVE PRESSURECOMPETITIVE PRESSURESCOMPETITIVENESSCORPORATE TAXESCREDIT RISKCROWDING OUTCUSTOMSDEBTDEVELOPMENT BANKSDISCLOSUREDISCLOSURE REQUIREMENTSDOMESTIC COMPETITIONDOMESTIC ECONOMYDOMESTIC INVESTMENTDOMESTIC MARKETECOLOGICAL FACTORSECONOMIC ACTIVITYECONOMIC GROWTHECONOMIC INTEGRATIONEMPLOYMENTEXCHANGE RATEEXPORT MARKETSEXPORT PERFORMANCEEXPORTSEXTERNAL TRADEFACTORINGFINANCIAL MARKETSFINANCIAL RESOURCESFINANCIAL RESTRUCTURINGFINANCIAL SECTORFINANCIAL STRUCTUREFISHINGFOREIGN DIRECT INVESTMENTFOREIGN INVESTMENTFOREIGN INVESTORSFOREIGN OWNERSHIPFOREIGN PRIVATE INVESTMENTFOREIGN SUBSIDIARIESGDPGLOBAL ECONOMYGUARANTEE FUNDSHARMONIZATIONHOLDING COMPANIESIMPORT DUTIESIMPORT DUTYIMPORTSINCENTIVE FRAMEWORKINCOMEINCOME DEVELOPING COUNTRIESINCREASING COMPETITIONINFLATIONINFORMATION DISSEMINATIONINSURANCEINTELLECTUAL PROPERTYINTERNATIONAL ACCOUNTING STANDARDSINTERNATIONAL MARKETSINTERNATIONAL STANDARDSINVESTMENT BANKINGINVESTMENT DECISIONINVESTMENT INCENTIVESLABOR MARKETLAWSLEGAL FRAMEWORKLIQUIDITYLOCAL MARKETLOCAL SALESMACROECONOMIC POLICYMARKET ACCESSMARKET POWERMARKET SHAREMUTUAL FUNDSPOLICY INSTRUMENTSPOTENTIAL INVESTORSPRIVATE BANKSPRIVATE INVESTMENTPRIVATE INVESTORSPRIVATE SECTORPRIVATIZATIONPRIVATIZATION PROGRAMPRODUCT MARKETSPRODUCTION PROCESSESPRODUCTIVITYPROPERTY RIGHTSPROTECTIONIST POLICIESPROTECTIONSPROTECTIVE TARIFFSPUBLIC ENTERPRISESPUBLIC SECTORQUOTASREDUCING TARIFFSREGULATORY FRAMEWORKREGULATORY REFORMRESOURCE ALLOCATIONRETAINED EARNINGSSALES TAXESSAVINGSSECURE PROPERTY RIGHTSSECURITIESSMALL BUSINESSSTRUCTURAL REFORMSSUBSIDIARIESTARIFF CONCESSIONSTARIFF REDUCTIONSTARIFF REVENUESTAX ADMINISTRATIONTAX RATESTAX SYSTEMTAXATIONTECHNOLOGY TRANSFERTELECOMMUNICATIONSTRADE FACILITATIONTRADE LIBERALIZATIONTRADE VOLUMETRANSACTION COSTSTRANSACTIONS COSTSTRANSPARENCYTRANSPORTTRANSPORT COSTSVALUE ADDEDWORKING CAPITALWORLD TRADEWORLD TRADE ORGANIZATION PRIVATE SECTOR ASSESSMENTSPRIVATE ENTERPRISESPRIVATE INVESTMENTSGLOBAL INTEGRATIONCOMPETITIVENESSCOMPETITION POLICYACCESS TO FOREIGN MARKETSEXPORT MARKETSEXPORT FINANCEEUROPEAN UNIONPERFORMANCE INDICATORSSMALL BUSINESS FINANCESMALL & MEDIUM SCALE ENTERPRISESEXPORT SHORTFALLSDOMESTIC POLICIESINVESTMENT INCENTIVESGOVERNANCEPRIVATIZATION CRITERIAREFORM POLICYWorld Bank10.1596/15003