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Friday 24 September 2021
HomeAfricaAfDB approves $500-mln loan for Tunisia

AfDB approves $500-mln loan for Tunisia

The African Development Bank (AfDB) Board of Executive Directors Monday approved a USD500 million loan to support the Tunisian government in its post-revolution transition. Its goal is to help restore socio-economic stability in Tunisia and engender inclusive economic growth that benefits all Tunisians, AfDB said in a statement.

This fast-disbursing emergency support program, disbursed in a single installment, is a new approach that allows the African Development Bank to better respond to the emergency needs of African countries.

This AfDB financing is part of an overall USD1.4 billion program financed by the World Bank (USD 500 million), the European Union (EUR 90 million), and the French Development Agency (EUR 185 million).

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