The World Bank lends Tunisia $520 million to secure food and development. The two loans include $300 million allocated to the Emergency Food Security Project, which works to address the effects of 4 consecutive years of drought in Tunisia.
The second loan, worth $220 million, will be directed to finance the Economic Development Corridor Project. Tunisia has been facing an economic crisis exacerbated by the repercussions of the Corona pandemic, as well as the Russian war on Ukraine that has been ongoing since 2022, and the rise in grain and energy prices it caused.