AFESD Lends $24Mn To Tunisia
The Arab Fund for Economic and Social Development (AFESD)signed an agreement on 3 May with Tunisia for a loan of $24mn. The facility,which will be used for road projects, carries a 4.5% interest rate, a tenor of22 years and a five-year grace period. The loan will be used to construct a51-km. highway between Tunis and the northeastern city of Bizerte.