100 Million Euros Released for Tunisian SMEs in Early 2014
20 December 2013
Read by 1686 persons
The European Investment Bank (EIB) will release, probably during the first quarter of 2014, a second tranche of 100 million euros from a credit line totaling 200 million euros for financing SMEs.
"This second tranche will be released after the completion of some administrative procedures by Tunisia," said Ulrich Brunnhuber, EIB representative in Tunisia.
Note that the European Investment Bank has so far invested around 80 million euros in Tunisia in terms of equity investment.
The credit line in question concerns all small and medium-sized enterprises, regardless of their size and activities. The first tranche of 100 million euros was already disbursed this year through six intermediary banks.
Active in Tunisia for over 30 years (its very first financing was put in place in 1979), the EIB's activity is part of the partnership and long-term cooperation between the European Union and its Mediterranean neighbors. This activity has strengthened over time and is now developing within the Euro-Mediterranean Investment and Partnership Facility (FEMIP), which has become the leading source of external financing for the modernization of the Tunisian economy, job creation, and the improvement of the framework and living conditions of the population.
Bechir Lakani.
Leconomistemaghrebin.com
Published December 9, 2013.
Posted December 20, 2013.
"This second tranche will be released after the completion of some administrative procedures by Tunisia," said Ulrich Brunnhuber, EIB representative in Tunisia.
Note that the European Investment Bank has so far invested around 80 million euros in Tunisia in terms of equity investment.
The credit line in question concerns all small and medium-sized enterprises, regardless of their size and activities. The first tranche of 100 million euros was already disbursed this year through six intermediary banks.
Active in Tunisia for over 30 years (its very first financing was put in place in 1979), the EIB's activity is part of the partnership and long-term cooperation between the European Union and its Mediterranean neighbors. This activity has strengthened over time and is now developing within the Euro-Mediterranean Investment and Partnership Facility (FEMIP), which has become the leading source of external financing for the modernization of the Tunisian economy, job creation, and the improvement of the framework and living conditions of the population.
Bechir Lakani.
Leconomistemaghrebin.com
Published December 9, 2013.
Posted December 20, 2013.
