Tunisia and the Arab Fund for Economic and Social Fund (AFESD) signed a financing agreement worth 50 million Kuwaiti dinars (325 million dinars), on the sidelines of the annual meetings of the World Bank and the International Monetary Fund (IMF) held from October 7 to 11 in Lima, Peru.
The amount will be allocated to the programme to strengthen classified roads (630 km) and rural tracks (630 km) in most of the country’s governorates, the Ministry of Development, Investment and International Co-operation said in a statement Sunday.
The agreement was initialled by Yassine Brahim, Minister of Development and Abdellatif Youssef Al-Hamad, AFESD President.
As part of his participation in meetings of the Bretton Woods institution leading a Tunisian delegation, Brahim gave an overview of the economic and social situation in Tunisia, the difficulties faced and reforms planned. He also presented the main orientations of the five-year development plan (2016-2020).
The Minister called on Tunisia’s partners to participate in the international conference on financing the next development plan scheduled for early 2016 to learn about the major projects included in the next plan and explore opportunities to contribute to their implementation.
The Minister met, in Lima, with several officials of financial institutions taking part in these meetings, including Jim Yong Kim, President of the World Bank, Christine Lagarde, IMF Managing Director, Akinwumi Ayodeji Adesina, President of the African Development Bank (AfDB) and Ahmed Mohammed Ali, President of the Islamic Development Bank.
He also took part in meetings on the global economic situation and the current challenges and the meeting dedicated to the presentation of the new strategy of the World Bank in the MENA region.
He also participated in the meeting of Finance Ministers, international financial institutions and international organisations of the Deauville Partnership with Arab Countries in Transition chaired by German Finance Minister Wolfgang Schauble.
The progress of these reforms in these countries was assessed at this meeting.
The IMF and WB annual meetings are attended by ministers of economy and finance of all countries and representatives of regional and global financial structures.
