Arab fund Grants Tunisia $36m Loan
The Arab Fund for Economic and Social Development (AFESD) granted Tunisia on Saturday a 36-million-dollar soft loan to help finance a credit development project in the North African state, reported the Gulf Daily News.
The Kuwait-based AFESD said in a statement the 22-year loan, including a five-year grace period, carries a 4.5 percent annual interest rate.
The loan will partly finance a project to develop and improve the country’s economic sector, said the paper.
The latest deal brings total loan accords the AFESD has so far extended to Tunisia to 382m Kuwaiti dinars – Albawaba.com