AfDB Lends €60 Million to Tunisia for Economic Recovery Programme

The African Development Bank, AfDB, Wednesday said it has lent Tunisia €60 million to back Tunisia’s economic recovery plan and social inclusion, AfDB reports

The credit line, according to the bank, will support the dynamics of economic recovery by improving the investment climate, preserving employment and promoting social inclusion through new mechanisms to respond to social challenges, exacerbated by the Covid-19 pandemic.

It also supports the improvement of the efficiency of social spending by streamlining social assistance programs and adopting a more targeted approach to beneficiary populations.

Tunisia is facing economic challenges further compounded by the impact of the pandemic. Tunisia is the worst affected country in the Arab World and in Africa by the pandemic.

The country has turned to international lenders to back its battered economy and covid-19 vaccination campaign.


Related posts