EBRD increases trade finance support in Tunisia

The European Bank for Reconstruction and Development is stepping up its efforts to support the Tunisian economy by increasing an existing trade finance limit for Banque de Tunisie from $20 million to $50 million.

The increase - under the EBRD Trade Facilitation Programme - is designed to help domestic exporters and importers to continue their business activities during the coronavirus pandemic.

The raise in trade finance will help mitigate the disruptions to trade and supply chains caused by current market conditions. The EBRD is working with five Tunisian partner banks, whose combined trade finance limits exceed $100 million.