World Bank2013-03-262013-03-262009-12https://hdl.handle.net/10986/12951The Tunisian government has long been aware of the need to support companies in their search for financing. Over the last decade, the government has strengthened legal and regulatory frameworks in this area, created public financing systems, facilitated the development of financial markets and helped to expand the supply of financial products, especially those geared at SMEs. SMEs play a vital role in Tunisia because at least 97.8 percent of Tunisian firms (across all sectors) fall into this category. The main consequence of the prevalence of SMEs in Tunisia s economic landscape is that all economic development strategies are de facto based on the performance of this category of companies. SMEs ability to obtain financing for their business operations and investments is therefore crucial to Tunisia s future economic development.en-USCC BY 3.0 IGOACCESS TO BANKACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCESS TO FINANCINGACCOUNT RECEIVABLESADVANCED ECONOMIESAMOUNT OF COLLATERALASSET FINANCINGAVAILABILITY OF CREDITBALANCE SHEETSBANK ASSETSBANK CREDITBANK FINANCINGBANK LENDINGBANK LOANSBANKING LAWBANKING SECTORBANKING SERVICESBANKING SYSTEMBANKRUPTCYBANKRUPTCY LAWSBANKSBENEFICIARIESBENEFICIARYBOURSEBUDGET DEFICITBUSINESS CENTERSBUSINESS CREDITBUSINESS FORMATIONBUSINESS INCUBATORSBUSINESS OWNERSBUSINESS PLANSCAPITAL FORMATIONCAPITAL REQUIREMENTSCAPITALIZATIONCASH FLOWCENTRAL BANKCENTRAL BANK OF TUNISIACOLLATERALCOLLATERAL REQUIREMENTSCONSTRAINTS ON ACCESSCONSULTING SERVICESCONSUMER CREDITCONSUMER LOANSCONTRACT ENFORCEMENTCORPORATE FINANCINGCOST OF CAPITALCOST OF CREDITCOUNTRY COMPARISONSCREDIT BUREAUCREDIT BUREAUSCREDIT CARDSCREDIT GUARANTEECREDIT HISTORIESCREDIT HISTORYCREDIT HISTORY INFORMATIONCREDIT INFORMATIONCREDIT INFORMATION SYSTEMSCREDIT INSTITUTIONCREDIT INSTITUTIONSCREDIT REGISTRYCREDIT REPORTINGCREDIT REPORTING SYSTEMCREDIT SCORINGCREDIT-SCORINGCREDITSCURRENT ACCOUNTCURRENT ACCOUNT DEFICITDEBTDEBT FINANCINGDEBT RATIODEBTORDEBTSDECENTRALIZATIONDEFAULT RISKDEPOSITDEPOSITSDEVELOPMENT BANKSDISTRIBUTION OF CREDITDIVERSIFICATIONEARNINGSECONOMIC AGENTSECONOMIC COOPERATIONECONOMIC CRISISECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC INITIATIVEEMERGING ECONOMIESEMPLOYERENTREPRENEURSEQUIPMENTEQUITY CAPITALEQUITY INVESTMENTSEQUITY RATIOEXCHANGE RATEEXPENDITURESEXPLOITATIONEXTERNAL FUNDSFACTORINGFARMERSFINANCIAL ASSISTANCEFINANCIAL CRISISFINANCIAL DATAFINANCIAL INFORMATIONFINANCIAL INSTITUTIONSFINANCIAL LEASINGFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL PRODUCTSFINANCIAL SYSTEMFINANCING COSTFINANCING NEEDSFINANCING SOURCESFIXED ASSETFIXED ASSETSFIXED CAPITALFOREIGN BANKSFOREIGN INVESTORFUNDING SOURCESGLOBAL ECONOMYGUARANTEE FUNDGUARANTEE SCHEMESHANDICRAFTSINDICATORS OF ACCESSINDUSTRIAL ENTERPRISESINFLATIONINTANGIBLEINTANGIBLE ASSETSINVESTMENT BANKSINVESTOR PROTECTIONISLAMIC FINANCELACK OF COLLATERALLACK OF INFORMATIONLACK OF KNOWLEDGELEGAL FRAMEWORKLENDERSLIQUIDITYLOANLOAN APPLICATIONSLOAN PRODUCTSLOAN REQUESTLONG TERM ASSETSLONG-TERM ASSETLONG-TERM FUNDINGMACROECONOMIC ENVIRONMENTMACROECONOMIC MANAGEMENTMARKET CAPITALIZATIONMARKET DEVELOPMENTMATURE MARKETMFIMICROCREDITMICROFINANCEMONETARY FUNDMORTGAGEMOVABLE ASSETMUTUAL FUNDSNATIONAL GUARANTEENET INTEREST MARGINNEW BUSINESSNEW COMPANYNOMINAL INTEREST RATESNON-PERFORMING LOANSOPERATING COSTSOPERATIONAL COSTSOUTSTANDING CREDITOUTSTANDING CREDITSPORTFOLIOSPRIMARY MARKETPRIVATE CREDITPRIVATE CREDIT BUREAUSPRIVATE ENTERPRISESPRIVATE EQUITYPRIVATE INVESTMENTPRIVATE SECTOR FINANCINGPRIVATIZATIONPROFITABILITYPROMOTION ACTIVITIESPUBLIC BANKPUBLIC BANKSPUBLIC CREDITPUBLIC REGISTRIESRATE OF RETURNREAL ESTATEREAL ESTATE LOANSRECESSIONREGISTRATION SYSTEMSREGULATORY FRAMEWORKSREPAYMENTREPAYMENT CAPACITYRETAINED EARNINGSRISK SHARINGRISK TAKINGSECONDARY MARKETSEED FUNDSSELF FINANCESELF-FINANCINGSETTLEMENTSHORT-TERM FINANCINGSMALL ENTERPRISESSOCIAL DEVELOPMENTSOURCE OF INFORMATIONSTART-UPSTART-UPSSTOCK EXCHANGESTOCK MARKETSTOCK MARKET DEVELOPMENTSUPPLY OF FINANCINGTECHNICAL ASSISTANCETELECOMMUNICATIONSTERM CREDITTERM CREDITSTRADINGTRANSACTIONTRANSPARENCYTRANSPORTUNEMPLOYMENTUNIONUNIVERSAL BANKSVALUATIONVENTURE CAPITALVENTURE CAPITAL FIRMSVENTURE CAPITAL INVESTMENTVENTURE CAPITALISTSWORKING CAPITALWorld Bank10.1596/12951