UNITED STATES (OBSERVATORY NEWS) — On Thursday, Tunisia signed three financing agreements with the World Bank, valued at $ 323 million, on concessional terms.
A government statement issued by the Ministry of Development, Cooperation and International Investment in Tunis said that the first financing agreement is worth $ 73.76 million, to support startups and innovative small and medium-sized enterprises.
According to the statement, the financing will be repaid over 35 years, including a grace period of 7 and a half years.
As for the second agreement, with a value of 151 million dollars, it will be directed to the project of strengthening the transmission of electricity produced from renewable energies through strengthening the electricity transmission system and improving the performance of the Electricity and Gas Company. The financing will be paid over 35 years, including a grace period of 5 years.
The third agreement, with a value of $ 98 million, aims to support the project of digital transformation of administrative services addressed to citizens, through the development of electronic governance, and the focus of information systems to improve administrative services. The financing will be paid over a period of 35 years, including 5 and a half years of grace period.
According to the statement, Finance Minister Ridha Chalghoum said that the agreements are of great importance, especially with regard to financial support for startups and innovative small and medium-sized enterprises.
Shalgoum, who is also the Acting Minister of Development, Investment and International Cooperation, pointed out the importance of the agreement to finance the electricity transmission project and the digital transformation project for administrative services directed to citizens, which are projects aimed primarily at providing good and effective services to citizens.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
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