21 December 2012

Tunisia: European Bank Pledges Local Job Aid

The European Investment Bank (EIB) pledged 270 million euros in loans to finance youth employment, SMEs and infrastructure projects in Tunisia's poorest areas, the bank said in a Thursday (December 20th) statement.

The loans will be provided in two tranches, with the first 170 million disbursed before the end of 2012 and the second of 100 million euros to follow in 2013. The bank has financed nearly half a billion euros worth of projects in Tunisia since the revolution.

Copyright © 2012 Magharebia. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.