Republic of Tunisia
| Loan No: | 677 | Interest Rate: | 2.0 % |
| Beneficiary: | Ministry of Economy, Finance and Investment Support | Grace Period: | 7 years |
| Project Cost: | KD 30.0 million | Maturity: | 30 years |
| Amount of Loan: | KD 30.0 million | Repayment: | 47 semi-annual installments |
| Date of Board Approval: | 2020-04-27 | First Installment: | 7 years following the first disbursement |
| Date of Loan Agreement: | 2020-04-27 | Date of Loan Effectiveness: | 2020-09-22 |
Objectives:
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.
Description:
The program includes the provision of equipment, supplies, services for testing and treatment, as well as medicines and necessary goods. In addition to the provision of necessary support to institutions, companies, individuals and affected groups, and other necessary materials and services to reduce the negative effects of the Corona pandemic, as well as complete and support important projects and activities that will contribute to the compensation of the damage that the Tunisian economy is facing during this critical stage.
Financing:
The Arab Fund’s loan will fully cover the cost of selected components of the Emergency Program.