29 November 2012

Tunisia: NCA Passes Two Financial Bills

Tunis — The National Constituent Assembly (NCA), Thursday, adopted two financial bills. The first draft law involves a loan agreement signed by Tunisia and the African Development Bank (AfDB) to fund a programme aimed at supporting economic recovery and inclusive development.

The 387-million-Euro (800 million dinars) loan will be repayable over 20 years with five years of grace.

The second bill pertains to a complementary loan agreement signed by Tunisia and the International Bank for Reconstruction and Development (IBRD).

This loan worth 387 million Euros, or 800 million dinars, is dedicated to funding the second budget support programme, particularly its components related to governance and employment.

It will be repaid over 30 years with a 5-year grace period.

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