Wednesday, 30 November 2016 20:09
TUNIS: The African Development Bank (AFDB) will lend Tunisia
between 1.5 billion euros and 2 billion euros ($1.6 bln-$2.1 bln) over the next
five years, the bank's North Africa director Jacob Kolster said on Wednesday. Kolster announced the loan at an investment
conference in Tunis at which regional and Western partners have pledged billions in
financial assistance to shore up Tunisia's
economy. "The AFDB will remain in Tunisia
and will continue to support Tunisia,"
Kolster said as he announced the deal. Tunisia
is seeking financial support and foreign investment as it struggles with weak
growth, high levels of unemployment and a large fiscal deficit. "This major announcement by the AFDB
comes after several months of negotiations," said Fadhel Abdelkefi, Tunisia's
investment minister. On Tuesday, Tunisia
received pledges including $1.25 billion in aid from Qatar,
and loans of 2.9 billion euros ($3.1 billion) from the European Investment Bank
and $1.5 billion from the Arab Fund for Economic and Social Development. Tunisia's government is pushing measures ...