According to bank documents, the present project concerns BH Bank (formerly known as Banque de l'Habitat). The project is expected to help finance borrowers, in particular small and medium-sized enterprises (SMEs) and companies, operating in the health, construction (social housing), industry and renewable energy sectors. The proposed long-term line of credit of EURO 100 million will enable BH Bank to gain access to muchneeded financial resources to grow its loan portfolio thereby contributing to Tunisia's development. Through the proposed line of credit, the AfDB is expected to contribute to diversifying and lengthening the maturity profile of BH Bank's funding and enhancing its ability to extend term financing to viable borrowers at a time when Tunisia's financial sector is experiencing a severe liquidity squeeze.
The purpose of the line of credit is to enable the financing of borrowers, in particular small and medium-sized enterprises (SMEs) and companies operating in the health, construction (social housing), industry and renewable energy sectors.
The commitment amount is U.A 84,148,876.19.
Name SEKIOUA Sofiane Hicham
ACCOUNTABILITY MECHANISM OF AfDB
The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing firstname.lastname@example.org, email@example.com, firstname.lastname@example.org, and/or email@example.com. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/