TUNIS – The Arab Fund for Economic and Social Development (FADES) and the Tunisian Government have signed three agreements for financing of small and medium enterprises.
The pacts signed are for strengthening of road infrastructure, PANA learnt on Wednesday from reliable sources.
These agreements were signed during the bilateral annual meetings of the Arab financial institutions held from April 8 to 9 in Tunis.
This was carried out by the Tunisian Minister of Economy and Finance, Hakim Ben Hammouda, and FADES’ Director-General, Abdellatif Yusuf al-Hamad.
The first agreement provides 20 million dollars or 32 million Tunisian dinars to the Tunisian Bank for financing of small and medium enterprises.
The second agreement, worth 50 million dollars, is also meant for the same purpose.
The third agreement worth 40 million Kuwaiti dinars or 230 million Tunisian dinars, is intended to finance the third phase of the construction of roads. (PANA/NAN)
