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Project financing: AfDB grants 17 million dollars to Tunisia

18/06/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Last Thursday, the African Development Bank (AfDB) granted Tunisia 17 million dollars (53 million dinars) in financing. The aim is to finance the project to promote agroforestry and restore degraded forest landscapes in Tunisia (PARFD

).

The agreement between Tunisia and the AfDB is divided between a credit of 14 million dollars and a donation of 3 million dollars. This funding is granted by the Strategic Climate Fund managed by the BAD , under the Forest Investment Program (FSC/FIP). The credit is granted at a fixed annual interest rate of 1.11%, and repaid over a period of 20 years with 8 years of grace. In addition, the project to promote agroforestry and restore degraded forest landscapes in Tunisia will be implemented over the period 2024-2029, by the General Directorate of Forests within the Ministry of Agriculture, Water Resources and

Fisheries.
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