Brussels, 28/05/2013 (Agence Europe) - A technical seminar attended by the central banks of Tunisia, France, Poland, Sweden and the United Kingdom was held in Tunis on 23 May in a “twinning” operation (exchange of know-how) aimed at setting in place a monetary policy framework geared to inflation-targeting at the central bank of Tunisia, the EU delegation in Tunisia points out.
Twinning in banking governance, as in other sectors, is undertaken as part of the support programme within the association agreement. “It allows Tunisian administrations to be supported in implementing institutional reforms in all areas covered by the association agreement and the privileged partnership action plan”, the same source said. Bank governance twinning receives European budgetary support of €1.1 million and allows the “deployment of over 40 European experts and the accomplishment of several hundred days of mission and study visits”. Thanks to this effort, the central bank of Tunisia today has an analysis and provision system adapted to monetary policy objectives, as well as statistical tools and tools for the management of renewed data, and a strengthened communication policy. “These achievements should prove particularly significant in the current context”, the European institutional source said, going on to specify that twinning operations in all areas have, since January 2011, received support of €21.5 million to the benefit of justice reform, transport projects and also public finance projects. (FB/transl.jl)