The European Bank for Reconstruction and Development (EBRD) has granted a $ 20 million trade finance to the “Banque de Tunisie” (BT) for trade finance under the EBRD’s Trade Facilitation Program (TFP).
The line will allow BT to issue guarantees to international commercial banks to cover the risk of non-payment of Bank of Tunisia transactions.
Launched in 1999, the EBRD’s trade finance program aims to promote foreign trade to, from, and between the countries in which the EBRD invests.
Under the program, the EBRD provides guarantees to international banks and short-term loans to certain banks and companies.
