Tunisia: EIB undertakes 200 million euro support to banking

26 October, 20:46

    (ANSAmed) - Tunisia, October 26 - The European Investment Bank (EIB) is errogating 200 million euros to support the Tunisian banking system through the FEMIP financial instrument. FEMIP stands for for the Facility for Euro-Mediterranean Investment and Partnership.

    EIB Vice President Philippe de Fontaine Vive made the announcement on Friday. "If all goes as planned, a first payment of 100 million euros will be released by the end of 2012 and I will come in December to sign the loan contract," said Fontaine Vive.

    It will be FEMIP's sixth line of credit toward Tunisia, given strong demand from banks and leasing companies that operate in the country. (ANSAmed).

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