TUNIS - Eight loan and funding contracts between the Tunisian Republic and the German Reconstruction Credit Institute (KFW) were signed, on Wednesday in Tunis.
Secretary of State for Foreign Affairs Minister M'hamed Ezzine Chélaifa and Director of Middle East and North African Department in KFW, Wolfgang Reuss signed the loan contracts at a ceremony held in the Foreign Affairs Ministry in Tunis.
"These contracts, which follow the different bilateral consultations and the commitments made by the German side to support Tunisia, reflect the quality and wealth of co-operation and partnership between the two countries," the Foreign Affairs Ministry said in a statement.
Under these contracts, Tunisia will receive funding of about EUR 102 million in the form of concessional loans and grants to be allocated to the achievement of regional and rural development projects in priority sectors, namely water and environment.
These new financial resources will help implement a water resources integrated management programme in rural regions, continue the national programme of improving the quality of drinking water, clean up ten cities inland and recycle waster, the same source added.
© Tunis-Afrique Presse 2015
