Financial and Banking News

AID FLOWS

EEC Approves $38Omn in Agricultural Loans to Tunisia

The European Economic Community has agreed to lend ECU42.5mn ($38mn) to Tunisia to finance rural development projects, according to the terms of the second EEC-Tunisia financial accord. The loans bring to ECU64mn ($57.6mn) the funds committed by the EEC in its second protocol, which runs from October 1981 to October 1986. The European Investment Bank (EIB) will lend the money to Tunisia's Banque...