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European Investment Bank lends Tunisia $229 million for food, power needs

Tunisian farmers harvest wheat in the agricultural region of Jedaida. (AFP File)
By Hilal Mir
December 19, 2022 4:31 pm
  • The Tunisian government signed an agreement with the bank, under which 150 million euros will be granted to support its food security.
  • Another 66 million euros will be granted to support the company's program for developing infrastructure related to strengthening and expanding the power sector.

Dubai, UAE–The European Investment Bank has granted Tunisia a 216 million ($229 million) loan to support its food security and power infrastructure.

The Tunisian government signed an agreement with the bank, under which 150 million euros will be granted to support its food security.

Under another agreement, signed with the Tunisian Electricity and Gas Company, another 66 million euros will be granted to support the company’s program for developing infrastructure related to strengthening and expanding the electricity transmission and distribution network.

The pacts were signed by Tunisian Ministers of Economy and Planning, Agriculture and Water Resources, Samir Said, and Mahmoud Elias Hamza, and the Director of Operations of the European Investment Bank for the countries neighboring the European Union, Lionel Rabai.

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