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Tuesday 21 September 2021
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Tunisia secures JBIC guarantee for

Tunisia has received assurances from the Japanese Bank for International Cooperation (JBIC) for a “Samurai” bond.

The green light given by JBIC was announced after a meeting that brought together Saturday in Yokohama, Tunisian President Moncef Marzouki and interim Executive Chairman of the Bank Hiroshi Watanabe, in conjunction with the participation of Tunisia in the 5th Tokyo International Conference on African Development “TICAD V”.

Tunisia has decided according to the Central Bank of Tunisia (BCT) to borrow from the international financial market during the second half of 2013.

To this end, it has won approval in principle from the U.S. and Japanese governments to secure a guarantee of 800 million dinars and 400 million dinars (25 billion yen), respectively, to meet the country’s needs in mobilizing foreign funds estimated at $ 3 billion, or about 5 billion dinars to close the 2013 budget.

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