The Bank of Tunisia receives $30mln from EBRD for import-export companies
Friday, 23 October 2020 19:45
The Bank of Tunisia is close to obtaining additional funding of $30 million from the European Bank for Reconstruction and Development (EBRD). This resource will be used to finance the activity of Tunisian import-export companies.
With this new contribution, the EBRD claims to have exceeded the trade financing limit for the Bank of Tunisia. The financing was provided under the EBRD's Trade Facilitation Program, which is designed to encourage foreign trade within the member countries of the European financial institution.
"The increase in trade financing provided to the Bank of Tunisia will help mitigate disruptions to trade and supply chains caused by current market conditions," the EBRD said in a statement.
At the end of Q3 2020, the Bank of Tunisia granted up to TNA4.7 billion in credits, up 7.1% compared to 2019.
Chamberline Moko
Live News
-
Ethiopia: Business, Finance and Engineering Account for 51% of Job Offers in 2025
10:38
-
Mozambique Deepens Cybersecurity Push with EU Partnership
10:29
-
Global Aid Drops Sharply as Support to Sub-Saharan Africa Falls 26%
10:28
-
Sierra Leone Moves to Revive Sierratel with Private Sector Backing
10:26
-
Nigeria-Ghana Onion Trade Resumes After Diplomatic Intervention Ends Distribution Dispute
09:06
-
Canyon’s CEO Steps Down as Minim Martap Enters Its Final Stretch
04:50
-
After a Decade of Shutdown, Cameroon Considers Reviving Zina-Makary Oil Block
04:41
-
Public Investment Surges 33.7% as Private Spending Declines in Cameroon
04:28
-
Togo plans 304 water points in 2026 in push for universal access
20:50
-
Cameroon Is Drinking More Wine, With Imports Up 37% in 2025
19:59
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Business, finance and engineering generate over half of formal job postings Ethiopia faces persistent mismatch between skills supply and labor...
Bilateral aid to sub-Saharan Africa drops to $29.2 billion in 2025. Total global aid records a historic 23.1% decline in real...
Government signs private partnership to revive Sierratel and restore operations. $2 million upfront payment targets employee arrears out...
Nigeria-Ghana onion trade resumed after dispute over distribution rights Authorities intervened, securing release of seized Nigerian onion...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...
French lawmakers approve colonial-era restitution framework unanimously Law enables returns by decree, replacing case-by-case...