Tunisia secures US$98m loan from KFAED for drinking water projects

TUNISIA – The Kuwait Fund for Arab Economic Development (KFAED) has provided a loan of US$98.5 million (263 million Tunisian dinars) additional financing to Tunisia for drinking water projects in urban areas. In Tunisia, the National Company for the Exploitation and Distribution of Water (SONEDE) has additional funds to reinforce its network. The government of this North African country recently signed a financing agreement with the Kuwait Fund for Arab Economic Development (KFAED). The funds handed over to the Tunisian government on 29 December 2020 by the KFAED represent the…

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