Tunisia - Sixth Line of Credit to Banque Nationale de Développement Touristique (BNDT)

The Sixth Line of Credit (LOC) to the Tunisian “Banque nationale de développement touristique (BNDT)” is for financing the direct and indirect foreign exchange costs of goods and services to be procured for the implementation of sub-projects in the tourism sector. BNDT, which specializes in financial intermediation, especially for financing investments in tourism, has great institutional and operational capacity for mobilizing the resources it needs to finance tourism investments that contribute to GDP growth. By the end of the implementation period, the LOC would have contributed to the building of 4 and 5 star hotels in the new tourism development areas, the rehabilitation and renovation of old 2 and 3-star hotels; the extension of the capacity of low capacity and low turnover hotels to the minimum level of 200 beds and the construction of new activities and recreational facilities in tourist areas which do not have enough facilities.