The European Investment Bank (EIB) is allocating 200 million Euros to support the Tunisian banking system through the FEMIP financial instrument.
FEMIP stands for the Facility for Euro-Mediterranean Investment and Partnership.
EIB Vice President Philippe de Fontaine Vive made the announcement last Friday. “If all goes as planned, a first payment of 100 million Euros will be released by the end of 2012 and I will come in December to sign the loan contract,” said Fontaine Vive.
It will be FEMIP’s sixth line of credit to Tunisia, given strong demand from banks and leasing companies that operate in the country.