Tunisian gets European bank loan

The European Investment Bank (EIB) and Tunisia signed on Saturday in Tunis two loan agreements worth 50 million Euro.

The first loan of 25 million Euro, repayable in 15 years with a 3-year grace period, would be used by Tunisian banks to finance industrial and service sector enterprises. The loan given is the second installment of a credit line opened in 1998 for the Tunisian banking sector which received a first installment 50 million Euro.

The second part, also of 25 million Euro, will be used to finance 31% of a 150-km railway stretch linking Tunis to Sousse and other railway infrastructure works.