Tunisia: Some 110 MTD Granted to Fund for Loans and Support to Local Communities

Tunis, — The House of Peoples Representatives (HPR) passed, at a plenary session Tuesday, a draft law on the adoption of a first demand guarantee contract signed, December 19, 2013 in Tunis, between Tunisia and the European Investment Bank (EIB) on a line of credit to the Fund for Loans and Support to Local Communities, worth euro 50 million (110 million Tunisian dinars -MTD-).

The amount will be paid over 19 years, including a four-year grace period at a fixed or variable rate for each tranche, as requested by the borrower.

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