African Export-Import Bank (Afreximbank) has signed a US$500 million term loan facility with the Central Bank of Tunisia on behalf of the Ministry of Finance of the Republic of Tunisia, to support the country in the execution of its key socio-economic priorities.
The facility was signed at Afreximbank’s headquarters during a meeting attended by George Elombi, president and chairman of the Board of Directors of Afreximbank, and Fethi Zouhaier Nouri, governor of the Central Bank of Tunisia, together with senior delegations from both institutions.
The facility, which adds to the US$1.2 billion previously disbursed to the central bank, will help the government to meet maturing trade debt obligations, finance the import of essential goods, including fuel, fertilizers, and food items, and boost access to foreign-currency liquidity. The transaction also reinforces Afreximbank’s countercyclical role and commitment to advancing the economic and structural transformation of the continent.
Elombi said,
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