Tunisia - Seventh Line of Credit to the « Banque de Développement économique de la Tunisie (BDET) »

The project to grant a seventh line of credit of UA 60 million to Economic Development Bank of Tunisia (BDET) is consistent with relations between the Bank and BDET that date back to 1976, when the first line of credit was awarded. This project was identified during the sixth line of credit completion mission to this institution in September 1997. The line of credit is a contribution to the private sector which under the IXth plan (1997-2001) has been earmarked an investment package representing nearly 56% of the gross fixed capital formation planned for the period under review. It is also in line with BDET’s efforts to mobilise resources with a view to attaining the objectives of its programme contract which became effective on 1st January 1997. In the manner of the previous lines, this line will be committed in two years.