EIB approves $233m loan for Tunisia’s food security, electricity
Foreign News

EIB approves $233m loan for Tunisia’s food security, electricity

The European Investment Bank (EIB) has approved 220 million euro ($233 million) loans for Tunisia to boost its food security and electricity supply.

The Tunisian Ministry of Economy and Planning said this in a statement late on Sunday.

Samir Saied, Tunisian Minister of Economy and Planning and Lionel Rapaille, Director for Lending Operations at the EIB signed two financing agreements in Tunis between, according to the statement.

They signed first 150-million-euro deal to improve food security in Tunisia, it added.

Rapaille stressed that the financing agreement will help ensure food security in Tunisia in the face of climate change.

He added that it would also cushioned ehe effect of the global crisis related to raw materials supply due to the  Russia-Ukraine conflict.

Similarly, Saied and Rapaille signed another agreement worth 70 million euros to finance a programme of the Tunisian Electricity and Gas Company.

The programme is aims at upgrading the company’s infrastructure in order to facilitate electricity transfer and distribution. (Xinhua)




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