World Bank support to unlock billions in private investments

From the newsletter

The World Bank has approved a $430 million program to reform and modernise Tunisia’s energy sector through the Tunisia Energy Reliability, Efficiency, and Governance Improvement Program (TEREG). The five-year initiative seeks to attract $2.8 billion in private investment and add 2.8 GW of new solar and wind capacity by 2028 and also reduce electricity costs by about 23%.

• DFIs and multilateral lenders have played a key role in driving private sector investment in Africa by reducing risk through concessional loans and grants. And continue to do so with new initiatives like Mission 300.

• Tunisia and other oil-producing countries like Egypt and Nigeria are increasingly focusing on renewables, setting clear generation targets as volatile oil markets strain their revenues and threaten energy security.

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