Africa Business Communities
$27 million Tunisian debt to Italy converted to development projects

$27 million Tunisian debt to Italy converted to development projects

An agreement has been signed between Tunisia and Italy on the mechanism of debt recycling to convert $27 million of Tunisia’s debts to Italy into development projects in inland regions.

These projects, to be set by the joint Tunisian-Italian committee, will focus on the priority sectors in the economic and social development fields such as basic education, health and basic infrastructure in addition to creating jobs and developing the creation of small projects through microfinance, according to a statement from the foreign ministry.

This agreement, initialed by Secretary of State for the Minister of Foreign Affairs Sabri Bach Tobji and Italy’s Ambassador in Tunis Raimondo De Cardona, is part of the Tunisian-Italian co-operation memorandum of understanding (MoU) for the 2016-2018 period.

Bach Tobji said on this occasion that this agreement reflects the depth of Tunisian-Italian relations and Italy’s commitment to support Tunisia in the economic and social transition process.

www.diplomatie.gov.tn

 

Share this article