Saturday, 08 May 2021 04:28 GMT

Germany to grant EUR100mln loan to Tunisia

( MENAFN ) On Wednesday, Tunisia singed a EUR100 million loan agreement with Germany to support budgets and reforms in the financial and banking sectors.

According to a statement distributed to the press, under the agreement Germany will grant Tunisia the loan on a concessionary basis with an interest rate that does not exceed 2.3 %, and a repayment period of 15 years, with a five-year grace period.

The loan agreement includes a EUR10 million (USD11.9 million) grant which will be signed later to help implement agreed reforms.

The loan is in line with German pledges to grant Tunisia a low-interest loan to encourage financial and banking reforms worth EUR300 million (USD357 million) over three years.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Sustainability Drive 2021