African Development Bank Group and Banque Internationale Arabe de Tunisie Sign $50 Million Trade Finance Guarantee Facility to Boost Tunisia's Trade
Tunisia, Feb. 9 -- The African Development Bank Group and the Banque Internationale Arabe de Tunisie (BIAT) have signed a $50 million Trade Finance Guarantee Facility to strengthen trade finance and support Tunisia's private sector.The agreement, signed on Friday at BIAT's headquarters in Tunis, is expected to support the activities of Tunisian businesses, create jobs, and improve access to essential goods by strengthening supply chains and boosting local production. The signing underscores the African Development Bank's commitment to supporting broader government efforts to enhance the financial sector.The facility will primarily support the importation of industrial inputs, production machinery, telecommunications equipment and renewable ...
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