European Bank for Reconstruction and Development Signs Financing Agreements with Tunisian Banks
The European Bank for Reconstruction and Development (EBRD) has recently signed two significant financing agreements with two Tunisian banks, Amen Bank and the Union Bank for Commerce and Industry. These agreements, totaling €20 million, are part of the "Green Economy Financing Facility" program launched in Tunisia. The objective of this program is to support Tunisian small and medium-sized enterprises (SMEs) in implementing projects that promote ecological transition.
Program Overview
The program, partially funded by the European Union, has a total budget of €60 million. In the first stage, €20 million has been allocated, with €10 million for each partner bank. These funds will be used to provide loans to Tunisian SMEs engaged in environmental projects, particularly in the areas of energy efficiency and renewable energy.
Technical Assistance and Future Funding
In addition to financing, the EBRD will also provide technical assistance to the beneficiary financial institutions. This will help them structure and successfully implement SME projects. In the long term, an additional €40 million will be allocated to other banks, microfinance institutions, and leasing companies, thereby strengthening the impact of this essential program for the sustainable development of the Tunisian economy.
Promoting the Green Economy in Tunisia
This support marks an important step in promoting the green economy in Tunisia, providing Tunisian businesses with the means to actively participate in the energy and ecological transition. The EBRD's initiative is expected to have a positive impact on the country's economic development, while also contributing to a more sustainable future.
