Emergency Program to Ward off the Effects of the Corona Pandemic in Tunisia

On Monday 27/04/2020, a loan agreement was signed, in Kuwait, between the Government of Tunisia and the Arab Fund, through which the Arab Fund provided a loan in the amount of KD 30 Million to contribute to the financing of an emergency program to ward off the effects of the Corona pandemic in Tunisia. The loan agreement was signed, on behalf of the Government of Tunisia, by H.E Mr. Mohamed Selim El Ezaby, the Minister of Development, Investment and International Cooperation. H.E. Mr. Abdlatif Yousef Al-Hamad, Director General/ Chairman of the Board of Directors of the Arab Fund, signed the agreement on behalf of the Arab Fund.

The program aims at contributing to the efforts to ward off the effects of the Corona pandemic in Tunisia, and the resulting negative repercussions in various sectors. The program includes the implementation of all the works, supplies, services, and advisory and technical services necessary, as agreed upon by the beneficiary and the Arab Fund.

The Arab Fund loan will carry interest of 2% per annum, and will be repayable over 30 years including a 7 year grace period.

With the signing of this loan, the Arab Fund’s total contribution to financing projects in Tunisia now amounts to KD 1,095.78 Million.