The African Development Bank (AfDB) has approved a $50 million trade finance guarantee facility for Tunisia’s Banque Internationale Arabe de Tunisie (BIAT), in a move designed to strengthen trade flows, bolster economic resilience, and accelerate industrial development in the North African nation.
The three-year facility will help finance the import of critical inputs—including industrial machinery, agro-processing equipment, telecommunications infrastructure, and renewable energy systems—aligned with Tunisia’s broader industrialization strategy. The initiative also supports the import of essential goods for immediate domestic needs, particularly amid ongoing regional economic headwinds.
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