Global Arab Network | European Investment Bank Pledges Help to Tunisia

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European Investment Bank Pledges Help to Tunisia

Friday, 21 January 2011 14:36

The European Investment Bank (EIB) stands ready to help Tunisia achieve its economic and social priorities, Global Arab Network reports according to a press statement, the Bank is stressing the importance of economic growth as a foundation for democracy.

In its statement, the EIB said it was paying close attention to the aspirations expressed by the people of Tunisia, adding, “[The EIB] is more than ever convinced of the importance of its mission: in order to put down sustainable roots in society, democracy must be based on economic growth and a development policy offering improved prospects for everybody.”

“Alongside the European Commission and in concert with all other financing institutions, the EIB stands ready to help Tunisia achieve its economic and social priorities,” the EIB said.

The EIB has been providing finance in Tunisia for over 30 years as part of the long-term partnership between the European Union and its Mediterranean neighbours, become the leading source of external financing for modernising Tunisia’s economy, creating jobs and improving people’s living conditions.

The EIB’s activity ranges from the extension of road networks, to upgrading and expansion of power generation and distribution systems, drinking water supply and wastewater treatment programmes, refurbishment and equipping of public hospitals, development of technology parks and credit lines supporting small businesses.

Global Arab Network

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Last Updated on Friday, 21 January 2011 14:47

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