The African Development Bank (AfDB) and Tunisia inked a deal Wednesday for a $87.1-million credit facility for the financing of a project to support the inclusive and sustainable development of the cereals industry (PADIFIC), local reports say. Samir Saied, Tunisia’s Minister of Economy and Planning and AfDB’s Deputy Director General for North Africa Malinne Blomberg signed the loan deal. The North African country will pay back credit over 24 years in addition to 4.5 years of grace period. Tunisia hopes through the project to ensure uninterrupted supply of soft wheat and barley to the local market. PADIFIC, according to S. Saied, is of “particular importance” in terms of inclusive and sustainable investments, targeting both upstream and downstream parts of the cereal chain.

Source: The North Africa Journal July 20, 2023 13:36 UTC