EBRD and UBCI strengthen partnership through risk-sharing facility
Tunisia, July 24 -- The European Bank for Reconstruction and Development (EBRD) and Union Bancaire pour le Commerce et l'Industrie (UBCI) have signed an agreement to implement a €10 million Risk Sharinf Facility (RSF) agreement. The deal strengthens the long-standing partnership between the two institutions and aims to support investment and private-sector development in Tunisia.The first transactions are already taking place under the facility. UBCI is providing a financing package of €3.5 million to Agua Services d'Assainissement (ASA), a special purpose vehicle sponsored by Aguas de Portugal and Maghrebia Technologies & Travaux, and established to rehabilitate, operate and maintain sanitation infrastructure in the Greater Tun...
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