World Bank Approves Loan for Tunisia’s Cereal Imports

The World Bank has approved a $130 million loan for Tunisia to help finance imports of cereal products.

According to the Tunisian Ministry of Economy and Planning, the loan would help finance the importation of soft wheat and barley seeds for the upcoming planting season.

Loan Deal
The loan deal was signed in the capital Tunis by Tunisian Minister of Economy and Planning Samir Saied and World Bank country manager for Tunisia Alexandre Arrobbio.

This came just days after the World Bank agreed to provide a $130 million loan to help Tunisia mitigate its food insecurity.

Saied praised the bank’s support for Tunisia in a difficult situation caused by the COVID-19 pandemic and the repercussions of the Russia-Ukraine conflict.

He added that World Bank has offered 500 million dollars in financial support for Tunisia this year, covering the fields of health, social security, and the supply of basic commodities.

XINHUA/CO