ADOPTION OF THE DRAFT LAW ON THE SOCIAL AND SOLIDARITY ECONOMY

This is a step forward to establish the mechanisms of the solidarity economy in Tunisia. The Assembly of People’s Representatives (ARP) adopted on Wednesday, June 17, 2020, the draft law on the social and solidarity economy.

This bill aims to promulgate the first legislative framework in Tunisia regulating the social and solidarity economy in order to develop its contribution to job creation and the impetus for economic growth. According to the Minister of Vocational Training and Employment, this economic concept can create more than 200 thousand additional job positions and contribute up to 10% to GDP, reports the TAP agency.

The project provides in particular for the creation of a public body called the Tunisian authority for the social and solidarity economy which will be placed under the supervision of the ministry concerned by this sector.

This project defines the companies that meet this economic category as being any company subject to the law, including in particular cooperatives, Mutual Agricultural Service Societies, agricultural development groupings and cooperative societies. It also concerns microfinance institutions and cooperative insurance companies.