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Financing of PADIFIC: signature of an 87.1 million dollar loan agreement between the ADB and Tunisia

21/07/2023
Source : ORISHAS FINANCE
Categories: Sectors

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A loan agreement for a total amount of 87.1 million dollars (the equivalent of 267.56 million dinars) took place on Wednesday, July 19, 2023. This partnership aims to finance the project to support the inclusive and sustainable development of the cereal sector

(PADIFIC).

The agreement signing ceremony took place in Tunis. The objective of this agreement is to help ensure, in the short term, with the assistance of other development partners, including the World Bank (WB) and the European Bank for Reconstruction and Development (EBRD), an uninterrupted supply of soft wheat and barley to the local market. In reality, PADIFIC will have a real impact on the food security of particularly vulnerable populations whose diet is mainly based on cereal-based products as well as on actors in the processing chain (flour mills, bakeries, pastry shops, etc

.).
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