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
-
Australian Oil and Gas Group Woodside Confirms Liz Westcott as CEO as Key Projects Advance
13:35
-
IMF Unlocks $45 Million for Seychelles After Strong Program Performance
13:00
-
Senegal Secures $135 Million World Bank Funding to Strengthen Health Syste
12:35
-
IMF: Sub-Saharan Africa’s Domestic Debt Shift Brings Relief and Rollover Risks
12:33
-
Omar Gabr Reinvents Bug Tracking with AI-Driven Insights
10:51
-
Cameroon Reviews Progress on XAF350bn Rail Programme as Projects Near Implementation Phase
09:46
-
Cameroon Moves to Cut Food Imports with Cassava and Palm Oil Investment Deals
08:43
-
Douala Port Signs XAF40bn Rail Concession to Upgrade Logistics, Raise Revenues
08:19
-
African cotton producers meet in Lomé to tackle productivity challenges
18:41
-
Cameroon Suspends Fuel Shipments From Importers Over Payment Disputes
18:18
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...
Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...
Liz Westcott is confirmed as CEO after serving in an interim role since December The appointment comes as Woodside expands operations, including in...
World Bank approves $135 million to support Senegal’s health system reforms. The Naatangue 2030 program targets maternal, child, and adolescent...
Domestic debt now accounts for the majority of public borrowing in sub-Saharan Africa Shift reduces exposure to currency shocks but raises costs and...
Benin allocates $13.5 million to support 365 SMEs under the 2026 PAEB cohort. Authorities target a 40% share of women-led businesses in the...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...