The Tunisian Ministry of Economy and Planning and the European Investment Bank (EIB) signed two finance agreements with the Grain Board (OC) and the Tunisian Company of Electricity and Gas (Societe Tunisienne de l’Electricite et du Gaz – STEG), for a total amount of 215 million euros.
These new funding sources come under the umbrella of EIB Global, the EIB’s new branch dedicated to international partnerships and development finance. They reflect the EIB’s strong commitment in Tunisia to support food security and the supply of electricity, within a tense international context, marked by high demand in these areas.
These funding sources are fully in line with the European Union’s (EU) priorities for Tunisia and the Mediterranean Agenda. They benefit from the European guarantee as part of the Neighbourhood, Development and International Cooperation Instrument (NDICI) – “Europe in the World”. They should also benefit from a European Union (EU) grant of €20 million under the Neighbourhood Investment Platform (NIP).
(euneighbours)
