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HomeNewsTurkey’s Eximbank to grant Tunisia $500 mln loans

Turkey’s Eximbank to grant Tunisia $500 mln loans

Turkey’s state-owned export credit agency Eximbank will provide loans totaling $500 million to Tunisia in connection with efforts to support reconstruction studies in this country, Turkish Economy Minister Zafer Çağlayan told reporters in Tripoli on Tuesday.

Accompanied by a group of 160 Turkish businesspeople, Çağlayan embarked on a two-day visit to North Africa on Monday, his first destination being Tunisia.

Having discussed ongoing trade developments and the course of future relations with Tunisian officials, Çağlayan announced at the Turkey-Tunisia Business Forum in Tunis on Monday that Turkish Eximbank would extend $500 million in loans to entrepreneurs in Tunisia.

He was accompanied by Tunisian Minister of Trade and Industry Mohamed Lamine Chakhari. Çağlayan said the loan is designed to support reconstruction work in the country. “Companies from Tunisia will have the opportunity to receive loans for a repayment term of up to 10 years for their purchase of machinery from Turkey,” he noted. Çağlayan hinted that Eximbank would increase the size of the loan if there is demand.

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