HPR adopts 100 million Euro loan agreement from German Institution for Reconstruction | Tunisia News Gazette

HPR adopts 100 million Euro loan agreement from German Institution for Reconstruction

The House of Peoples Representatives (HPR) adopted at a plenary session held on Monday in Bardo, a loan granted by a German Institution for Reconstruction worth 100 million euros, i.e. 290 million dinars for financing a programme to support reforms in the water sector.

The programme aims to stimulate the implementation of a series of comprehensive and specific reforms in the water sector, in order to make new investments and preserve the sustainability of investments made in this sector.

The repayment of the loan will be made over fifteen years, including five years of grace at a fixed interest rate of 2.09%.

The German institution has granted this credit from its own resources, outside the programme of bilateral financial cooperation provided by the German government each year. The programme consists of the implementation of several reforms by the ministries of finance, local affairs, environment and the national sanitation Utility (ONAS).

The reforms are divided into general reforms relating to the approval of the organic law, of the budget, updating of the debt strategy over the medium term, the reforms specific to the water sector based essentially on the management by objectives in addition to the establishment of a system for monitoring and evaluation of investment projects and the creation of a steering committee within the framework of the “integrated water resources management programme” at the Ministry of Agriculture, groundWater supply, wastewater treatment and the increase of the fee by ONAS by 8% and the adoption of a billing policy for irrigation water.

Source: TAP News Agency

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