VOL. XLIV

No. 21

21-May-2001

TUNISIA

AFESD Lends KD11Mn To Tunisia

The Arab Fund for Economic and Social Development (AFESD) announced on 12 May that it had signed a loan agreement for KD11mn ($35.7mn) with the Central Bank of Tunisia. The loan, which carries an interest rate of 4.5% and a tenor of 22 years with a grace period of five years, will contribute to the Tunisian Governments small-scale development lending program.

The governments lending program aims to create job opportunities for...