Following the Official Membership of UBci in the Adapt Program, Financed by the European Union, AICS and UBci Launch a Training and Awareness Session on the New Financial Support Mechanism of the Adapt Invest Fund
The Italian Agency for Development Cooperation (AICS) and UBci have launched a training and awareness session on the new financial support mechanism of the Adapt Invest Fund, which aims to promote sustainability in agriculture and fishing in Tunisia. This initiative is part of the Adapt program, financed by the European Union.
During the event, experts from the program presented the financial support mechanism to UBci employees, as well as the different access modalities to this fund. Walid Akrout, Head of Treasury & Funding at UBci, presented the bank's orientations on sustainable finance and highlighted the importance of financing mechanisms such as grants.
Moreover, the bank is committed to ensuring the success of this program and actively promoting it to its stakeholders, including business managers, clients, and prospects.
With a contribution ceiling of €70,000 per project, the Fund aims to support a diverse range of sustainable initiatives. Eligible projects will benefit from a grant contribution, covering up to 14% of a loan granted by a financial institution or leasing company.
It is worth noting that this action is part of the second phase of the Fund, which has a budget of €25 million, aiming to stimulate private investments for a greener and more inclusive Tunisian economy.
