Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

IDB offers EUR 176 mln in loans to Tunisia  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 22/09/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Kuwait News Agency (KUNA)) The Islamic Development Bank Group (IDB) and the Tunisian government signed here on Friday two agreements under which the bank will offer loans worth 350 million Tunisian dinars (some 176 million Euros) to Tunisia.

The funds will be channeled to the development of the electricity sector, and vocational training and employment sector.

The first agreement involves EUR 155.16 million which will be used to finance the launching of a power generating station with a capacity of 400 megawatts in Sousse province on the eastern coast of Tunisia.

It was signed by IDB Chairman Dr. Ahmed Mohammad Ali and Tunisian Minister of Investment and International Cooperation Riadh Bettaieb in the presence of Prime Minister Hamadi Jebali.

Under the second deal the IDB will offer USD 47 million for Tunisia to cover the costs of the vocational training program and build the capacity of the new graduates. The program targets 7,000 trainees, 207 trainers and 50 supervisors.

Speaking to reporters at the signing ceremony, the IDB Chairman pledged that his bank will continue its role in helping the Tunisian economy through financial and technical assistances.

"The Bank has so far offered Tunisia a total of USD 2.2 billion in funds for the development projects," Dr. Ali pointed out.
He added that the Bank prioritizes economic and cultural cooperation with Tunisia and the other African countries.

Meanwhile, Bettaieb hailed as "fruitful the cooperation between his government and the IDB in such areas as infrastructure, energy, agriculture, potable water, environment protection, health, education and rural development.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help