(Ecofin Agency) - In a release published on December 12, 2018, the German development bank Kreditanstalt für Wiederaufbau (KfW) announced that it granted €100 million loan to Tunisia for water projects. The interest rate of this loan refundable over fifteen years is 2.2%. The loan agreement was signed in Tunis, the Tunisian capital, by Zied Laâdhari, Tunisia’s development minister and Sven Neunsinger, managing director of the German bank.
During the signing, Zied Laâdhari explained the importance of this funding that will contribute to the implementation of the 2nd national reform program in the water sector.
Gunter Berger, director general at the German ministry of economic cooperation and development (BMZ), who was present during the signing of the loan agreement, indicated that the new loan from the KfW shows the German government’s will to continue to support Tunisia in the implementation of its reform and development programs.