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Saturday 19 June 2021
HomeNewsTunisia: three loans from Saudi Fund for Development AfricanManager

Tunisia: three loans from Saudi Fund for Development AfricanManager

The Board of Directors of the Saudi Fund for Development has granted three loans to Tunisia.

 The first loan will serve for the creation of a power plant project. Its volume is 192,400 million Tunisian dinars (MTD).

Worth an estimated value of 136,276 MTD, the second loan will be dedicated to financing a natural gas transport project while the third, worth $ 25,650 MD, will allow carrying out a project of reform and modernization of the vocational training sector.

Loans will be granted on preferential terms in return for an interest rate of 2% and a repayment period spanning 20 years including 5 years grace.

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