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African bank allocates $72m to Tunisia

African Development Bank (AfDB) President Akinwumi Adesina in Berlin, Germany on August 26, 2021 [Clemens Bilan/Pool/Getty Images]
African Development Bank (AfDB) President Akinwumi Adesina in Berlin, Germany on 26 August 2021 [Clemens Bilan/Pool/Getty Images]

President of the African Development Bank, Akinwumi Adesina, yesterday said that the bank would allocate "$72 million in financial aid for Tunisia's budget."

"The AfDB will spare no effort to support the Tunisian economy as it recovers by promoting development projects worth $1.6 billion in the fields of energy, infrastructure and transport," the official Tunis-Afrique Presse (TAP) quoted Adesina as saying.

He pointed out that the bank was preparing for a "mega project" in Tunisia, explaining that it was pertaining to the "governance and digital fields." "Those projects will pave the way for Tunisia to be a leading country in the fields of pharmacy and digitalisation across Africa," Adesina added.

Referring to his recent meeting with the newly appointed Tunisian Prime Minister Najla Bouden in the French capital of Paris, Adesina noted that they had discussed "ways to launch projects in Tunisia's agriculture and digitisation sectors."

Tunisia's economy has been negatively affected due to the repercussions of the coronavirus pandemic, pulling down the country's gross domestic product to 8.8 per cent, and raising its external debt 11 per cent.

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