Green fund to benefit Tunisian energy firms

From the newsletter

Tunisia has launched its first Green Economy Financing Facility (GEFF), a $69 million programme by the European Bank for Reconstruction and Development, the European Union and the Currency Exchange Fund. The initiative aims to accelerate Tunisia’s shift toward a sustainable economy by channelling green capital directly to the private sector.

• It will provide loans to up to six local banks for on-lending to smaller businesses investing in energy efficiency, renewables, climate adaptation, and circular economy projects, hoping to cut carbon intensity by 45% by 2030.

• The programme will offer forex hedging to ease currency risks, a major issue given the country’s volatile exchange environment.

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