HomeNewsBEI and AFD to finance small and medium-sized enterprises to the tune...

BEI and AFD to finance small and medium-sized enterprises to the tune of €259 million

The 21st edition of the Tunisia Investment Forum (TIF), held on June 12 and 13, under the theme “Tunisia, Where Sustainability Meets Opportunity”, is a success for Tunisia, stressed Minister of Economy and Planning, Feryel Ouerghi, on Thursday.

In a statement to TAP at the end of the TIF 2024, the Minister explained that this success was reflected in the large number of participants, more than 1,000, half of whom were foreigners, thanks to the Roadshows organised from May 8 to 15, 2024 for European decision-makers and investors in Munich, Madrid, Brussels, Paris, Lyon and Rome.

The forum was an opportunity for investors to focus on sectors with high added value, innovation and high technology, she said, adding that these innovative niches will represent the country’s new economic model in the future.

For his part, Jalel Tebib, CEO of the Foreign Investment Promotion Agency (FIPA-Tunisia), reviewed a number of agreements signed between the Tunisian government and the European Union, Tunisia’s strategic partner in the framework of TIF2024.

He cited an agreement between the European Investment Bank (EIB) and the Agence française de développement (AFD) to finance small and medium-sized enterprises to the tune of €259 million, in addition to the agreement with the EIB to finance the Sfax-Kasserine road corridor project to the tune of €210 million.

On the sidelines of the Forum, a $17 million financing agreement was signed between the African Development Bank and Tunisia to finance the Project for the Promotion of Agroforestry and the Restoration of Degraded Forest Landscapes in Tunisia (PARFD). The financing is divided into a loan of $14 million and a grant of $3 million.

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