Jun 23 2011 |
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EIB to sign on Friday with Tunisia first financing agreement of post-Deauville G8 Summit
TUNIS (TAP) - Deputy-Chairman of the European Investment Bank ( EIB ) Philippe de Fontaine Vive is expected in Tunis, on Friday (June 24, 2011), to sign with Tunisia's Caretaker Government a financing agreement worth 163 million euros (= 326 million dinars), according a communiqué released by EIB .Being the first of its kind with the EIB since the G8 Summit of Deauville, France, this convention is dedicated to co-financing the road upgrading programme.
The G8 Summit adopted, last May, the principle of an assistance of 20 billion dollars (about 27.6 billion dinars) over a two-year period for the benefit of Tunisia and Egypt.
According to EIB Deputy-Chairman, whose comments were quoted in the communiqué, "this first financing operation of the post-Deauville Summit is of high symbolism. It comes to give a concrete shape to our commitment vis-à-vis the Tunisian people," further adding, in this connection, "our mission consists in attempting to open up new future prospects before the young generation."
As a leading Mediterranean financial investor, EIB mobilised, since 2002, 12.6 billion euros (= 25.5 billion dinars) to shore up economic and social development programmes in nine Mediterranean country partners, 2.6 billion euros (5.2 billion dinars) of which in 2010.
© Tunis-Afrique Presse 2011
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