African Development Bank grants $50 million Trade Finance Guarantee Facility to Banque Internationale Arabe de Tunisie to boost trade
Tunisia, July 1 -- The Board of Directors of the African Development Bank Group has approved a $50 million trade finance guarantee facility for Banque Internationale Arabe de Tunisie (BIAT) to enhance trade and economic resilience in Tunisia.The guarantee will support the import of production inputs, industrial machinery, as well as telecommunications and renewable energy equipment essential to advancing Tunisia's industrialization agenda. While the facility primarily targets the agro-industrial and light manufacturing sectors, it will also help finance the import of essential goods to meet immediate domestic needs. This engagement further consolidates BIAT's position as a key player in Tunisia's economic ecosystem, built on sound governanc...
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