HomeNewsTunisia: EIB's €1 billion not disbursed

Tunisia: EIB’s €1 billion not disbursed

The head of the EIB Representation to Tunisia and Algeria, Jean-Luc Revéreault said in a recent press briefing that several loans had been validated and signed, but not all their funds had been disbursed.

“Out of an amount approaching three billion euros, one billion euros has not been disbursed (…).

The diagnostic report carried out in 2020 identified two or three causes that could be summed up in the developer’s inability to implement the lessor’s standards.

These are standards relating to public procurement rules, tendering, environmental rules, social rules (expropriations) and rules relating to environmental health and safety. Our teams and consultants visit the construction site and write a report if they find that these standards are not met. This causes the disbursement to be blocked,” he further said.

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