24 Hrs
Source:
الجمهوريّة
Parliament reviews raw materials financing deal for Tunisian Chemical Group
The Tunisian House of People's Representatives has begun discussing a draft law to approve a guarantee agreement made with the Islamic Trade Finance Corporation. This agreement pertains to financing the import of fertilizers for the Tunisian Chemical Group. The deal, valued at $70 million, aims to provide the necessary funding to import raw materials essential for fertilizer production for the local market and export. It involves opening revolving documentary credit lines for a period of 12 months, with a financing cost comprising a "Souvrir" rate plus a margin of 3.75 percent, backed by the guarantee of the Tunisian state.
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