Tunisia's Minister of Economy and Planning, Samir Abdel Hafiz, and Malinne Blomberg, the bank's Resident Representative in Tunisia, signed two guarantee agreements between the Tunisian Republic and the African Development Bank. The agreements are to provide financing for the National Company for Water Exploitation and Distribution and the Tunisian Chemical Group. The agreements aim to support two major development projects in Tunisia.
The first financing agreement is worth 111.5 million euros, approximately 377 million dinars, and will be used to improve the technical and energy efficiency of the drinking water network in Greater Tunis. This project is part of the government's efforts to upgrade the country's water infrastructure and ensure a reliable supply of clean water to its citizens.
The second financing agreement is worth 110 million dollars, approximately 321 million dinars, and will be used to support the implementation of a project to enhance the environmental and industrial performance of the Tunisian Chemical Group. The project aims to reduce the environmental impact of the group's operations and improve its competitiveness.
Minister Abdel Hafiz stated that these projects align with the country's strategic priorities, as outlined in the 2026-2030 development plan. He emphasized the government's commitment to supporting strategic public institutions to enable them to improve their performance and achieve their economic and social objectives.
The Minister expressed his satisfaction with the level of cooperation between Tunisia and the African Development Bank, highlighting the bank's role in supporting Tunisia's economic and social development. He also praised the bank's contribution to financing these two important projects.
Malinne Blomberg, the bank's Resident Representative, emphasized the strength of the partnership between the two parties and the bank's willingness to continue supporting Tunisia's development priorities. She highlighted the importance of these projects in achieving Tunisia's goals in terms of water and food security, reducing pollution, and promoting economic growth.
The two projects are expected to have a significant impact on Tunisia's economic and social development, particularly in the areas of water and food security, environmental protection, and energy efficiency. The African Development Bank's support for these projects demonstrates its commitment to helping Tunisia achieve its development goals and improve the living standards of its citizens.
Key points
- The agreements were signed on September 22, 2026.
- The projects align with Tunisia's strategic priorities, as outlined in the 2026-2030 development plan.
- The African Development Bank is providing a total of approximately 698 million dinars in financing for the two projects.
