Tunisia: 16 Local Banks Sign Syndicated Foreign Currency Loan Agreement to Finance State Budget

Tunis — A syndicated foreign currency loan agreement with 16 local banking institutions for a total amount of TND 570 million (€156 million and $16 million) was signed on Thursday afternoon at the Ministry of Finance under the chairmanship of Finance Minister Sihem Nemsia.

The loan is part of the mobilisation of borrowing resources to finance the state budget planned in the 2024 Finance Law, according to a statement from the ministry.

“It is a form of financing that is favourable in terms of…

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