IDB to grant Tunisia funds worth 355 million dinars

The Islamic Development Bank Group (IDB) announced that two funding agreements worth 182 million euros (about 355 million Tunisian dinars-MTD) devoted to the electricity and vocational training sectors, are to be signed with Tunisia, on Friday. The bank pointed out in a communiqué made public on Wednesday, that IDB Chairman Ahmed Mohamed Ali, will sign the two conventions during his visit to Tunisia which will start, on Thursday. He will meet during his stay, with Prime Minister Hamadi Jebali and other government members. After the Revolution, IDB group granted Tunisia funds worth $1.5 billion to finance several projects and conduct technical studies. The bank also granted the country $1.3 billion to finance trade operations, in addition to funds worth $755 million granted as part of interventions regarding the guarantee of investment and exports. Beside, the Bank contributed to funding an integrated agricultural development project in the Kef and Kasserine by means of $35 million and co-financed by means of 50 MTD a youth employment project. It is worth pointing out that Islamic Corporation for the Development of the Private Sector (ICD) coming under IDB Group, launched an investment fund that works in compliance with the Shariaa law and meant to fund Tunisian small- and medium-sized enterprises. The consumption of paper and paperboard dropped by 1.2 percent in Europe from 2010 to 2011 and decreased by almost 3 percent in North America. "Electronic media, bill distribution and e-book options are impacting the pulp and paper industry," the report said. UNECE region has 42 percent of the global forest area and produces 59 percent of the world's forest products.