Tunisia’s Ministry of Economy and Planning and the European Investment Bank (EIB) has signed two financial agreement which seeks to improve food security and electricity grid of the North African nation.
The agreements which were signed on Friday December 16, 2022 with the Grain Board (OC) and the Tunisian Company of Electricity and Gas (Societe Tunisienne de l’Electricite et du Gaz – STEG), will see theEIB inject a total amount of 215 million euros in the Tunisian economy.
These new funding sources come under the umbrella of EIB Global, the EIB’s new branch dedicated to international partnerships and development finance.
They reflect the EIB’s strong commitment in Tunisia to support food security and the supply of electricity, within a tense international context, marked by high demand in these areas.
These funding sources are fully in line with the European Union’s (EU) priorities for Tunisia and the Mediterranean Agenda.
They benefit from the European guarantee as part of the Neighbourhood, Development and International Cooperation Instrument (NDICI) – “Europe in the World”.
They should also benefit from a European Union (EU) grant of €20 million under the Neighbourhood Investment Platform (NIP).