Mubasher: The European Bank for Reconstruction and Development (EBRD) revealed that it is providing a financing package to Banque de Tunisie.
The package consists of a EUR 50 million loan for on-lending to small and medium-sized enterprises (SMEs) and a $20 million trade finance line that is expected to be signed shortly, according to the bank’s statement.
SMEs dominate more than 90% of all businesses in Tunisia, the statement noted.
The EBRD also indicated that the European Union (EU) is providing grant support for this transaction as part of an overall €27.6 million in funding channelled through the EBRD to boost financial inclusion in the southern and eastern Mediterranean region.
