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Tunisia inks agreements with Turkey and African Bank

A co-operation agreement was concluded in Tunis between the Regional Development and Planning Ministry and the Turkish Development Ministry.

The agreement is aimed to encourage Tunisian skills to take advantage of the Turkish experience in matters of decentralised governance, based on co-operation between the public and private sectors and the civil society, in addition to boosting regional development and reducing the gap between regions.

This agreement will provide new opportunities to contribute to the economic development in regions through developing SMEs and easing exchanges between investors and businessmen.

Minister of Regional Development and Planning Jameleddine Gharbi said that Turkey had allocated Tunisia $500 million, including $100 million as donation and $400 million as credits.

He said that this amount will be notably devoted to "boosting private investment in SMEs, promoting small trades, achieving structural projects and improving infrastructure.

The Turkish International Co-operation Agency (TICA) "will pay out these grants and carry out the programs of Tunisian-Turkish co-operation."

On the other hand, the Tunisian Constituent Assembly approved a guarantee loan of about $ 32 million signed by the African Development Bank last February.

Islamic Chamber of Commerce and Industry - الغرفة الأسلامية للتجارة و الصناعة
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