Germany grants Tunisia additional funds worth €300 million

Germany granted Tunisia additional funds worth €300 million (around 951.75 million dinars) to finance new development projects in the country,

This was at the 15th Session of the Tunisian-German Government Consultations that ended on Thursday at the Federal Ministry of Economic Cooperation and Development.

The projects cover the areas of economic development, employment, shipping, administrative reform, governance and the water sector, reads a press release of the Foreign Ministry

Minutes of the 15th session of the consultations that began on December 10 was signed by Mohamed Mhadhbi Director of Relations with Countries of Northern Europe and Central Europe at the Foreign Ministry and Gunther Beger, Director-General, Policy issues, private sector, trade, rural development at Ministry for Economic Cooperation and Development.

During the 15th session, German officials responded positively to the proposals of the Tunisian delegation. They cover seven fields, namely the employment of the Tunisian workforce in Germany, increasing Tunisia's exports to Germany and other promising African markets as well as financial contribution to the project of electricity interconnection between Tunisia and Europe.

Germany also agreed to convert some of Tunisia’s debts into the funding of other projects that will be discussed at a later stage, the same source added.

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