The Islamic Development Bank (IDB) will provide Tunisia with $1.5 billion (3.7 billion dinars) in loans and donations, as part of its 2018/2020 strategy, to fund development projects.
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The loans are made at easy payment terms and at an interest rate that does not exceed 5%, Regional Manager for Arab Asian Countries at IDB Country Programmes Department Ahmed Saleh Hariri told Agence Tunisie Afrique Press (TAP).
The bank's new strategy rests on stronger social integration, comprehensive development, contribution to the development of infrastructure, support of the private sector and drawing the investors of member countries, Hariri said at a workshop held Tuesday in Tunis and dedicated to the document of strategic partnership between the IDB and Tunisia (2018/2020).
The officer said the document will be drawn up after talks with ministries, national companies, the representatives of the private sector, civil society and some organisations in Tunisia.
The bank, which operates in 57 countries, seeks up increase Tunisian exports worldwide and build exporters' skills in financing, marketing and job generation for youths, he further indicated.
Development, Investment and International Cooperation Minister Zied Laadhari laid emphasis on the importance of partnership with the IDB in funding development projects that were presented at the International Investment Conference (November 2016). The new strategy will have to take into consideration this specific juncture and provide loans at easy payment terms, he underlined.
The efforts made by the bank to support Tunisia's private sector, boost trade, consolidate existing jobs, strengthen Islamic finance and build skills in key sectors, reflect the bank's confidence in the government's guideline and choices, Laadhari highlighted.
Partnership with the IDB will increase technical cooperation and foster the exchange of successful experiences in priority sectors, the Minister also said.
The Islamic Development Bank, which operations started in October 1975, aims to achieve socio-economic development in member countries.
