According to bank provided information, the EIB loan is expected to finance the rehabilitation and construction of new silos and strategic cereal reserves in the country, to increase Tunisia's cereal storage capacity. It will also support the required permanent working capital of the project promoter, to ensure operations in the current unstable context.
The project aims to address the current grain price spike resulting from the ongoing conflict in Ukraine and build long-term capacity of Tunisia's grain supply chains. It should create significant additionality and social benefits by contributing respectively to the country's food security and generating important externalities in terms of improving nutrition and public health.
*Contact information not provided at the time of disclosure*
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