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On 2 August 2018, a 200 million USD credit agreement was signed between Turk Eximbank and Tunisian Ministry of Development, Investment and International Cooperation, within the scope of Turk Eximbank International Loans Program.
The credit agreement has a 10-year tenor with a 1.5% interest rate and will support investments and other projects in security and defence industries.
Following the signing of the agreement, on 22 September 2018, Turkish Ambassador to Tunisia, Omer Faruk Dogan declared that “Turkey aims to strengthen cooperation with Tunisia, particularly in defence industry. Recently a Turkish company has made significant progress in talks with the Tunisian Ministry of Defence regarding an investment project in the production of steel vest and armoured vehicles. The loan program extended by Turk Eximbank will facilitate this investment project and similar projects” (author’s own translation).
International Loans Program
Turk Eximbank pursues International Loans Programs to finance overseas contracting projects and purchases of Turkish products, in order to promote exports and diversify the export markets, to increase the share of Turkish export products in international markets and to strengthen the competitiveness of Turkish companies in international markets.
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