Saïed ratifies more than 800 million dollars and 110 million euros in foreign borrowing
Four decrees (nos. 193-196) published in the official gazette Jort on Friday 31 July, two days after parliament approved them, bring into force a set of guarantee and financing agreements: 110 million euros from the European Bank for Reconstruction and Development to the phosphate company CPG for mining equipment and a filter-press system meant to recycle up to 90 percent of process water; two murabaha operations with the ITFC worth 70 and 50 million dollars to buy feedstock for Groupe chimique tunisien's fertiliser output; and a second amendment worth 500 million dollars between the central bank and Afreximbank to cover part of the 2026 state budget. That third drawdown takes Afreximbank's cumulative line to Tunisia to 1.7 billion dollars since 2022. La Presse reports the Afreximbank rate was negotiated down from as much as 9 percent to a fixed 5.86 percent over seven years with a two-year grace period, terms that show the price of financing the budget without an IMF programme, even as the government keeps to its doctrine of relying on itself.