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AfDB Approves 92.3 Million Euros to Improve Living Conditions in Tunisia

Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)
Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)
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AfDB Approves 92.3 Million Euros to Improve Living Conditions in Tunisia

Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)
Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)

The African Development Bank (AfDB) said on Tuesday it approved a financing package of 92.3 million euros to support business competitiveness and empower the Tunisian population through job creation, according to the German news agency, dpa.

The financing consists of a 90-million-euro loan from the Bank Group, and a grant of 2.3 million Euro under the Affirmative Finance Action for Women in African (AFAWA) initiative.

It aims to provide young people and women looking for work with the skills they need to access salaried jobs, to improve living conditions and promote economic inclusion through entrepreneurship and skills development.

The Tunisian government forecasts that the program could enable the creation of more than 118,000 formal jobs.

Tunisia struggles with economic difficulties that have led to a decline in public sector employment, due to a fiscal crisis, in addition to widespread unemployment among young people and university graduates.

The unemployment rate in Tunisia stands at 16.1% according to the latest data. The unemployment rate for youth in the 15-24 age bracket rose to 39.2% while the unemployment rate among people with a higher education degree reached 23.4%.

Last June, the European Union, the EIB, AFD Group and KfW announced a major joint investment of 270.9 million euros to support Tunisia's entrepreneurial ecosystem.

Also, two credit lines worth 170 million euros and 80 million euros, and 10.5 million euros for the Dhamen Express guarantee facility, were deployed to increase access to finance for MSMEs in Tunisia.

At least 30% of the funds from the EIB and 35% of those from AFD went to projects promoting social inclusion, targeting women, youth employment and less-favored areas, as well as the green economy and climate resilience.

This initiative underscored the commitment of the EU, the European Investment Bank (EIB), Agence Française de Développement (AFD) and Kreditanstalt für Wiederaufbau (KfW) to support projects that have a high social impact and promote the economic recovery of Tunisia’s micro, small and medium-sized enterprises (MSMEs), taking a Team Europe approach.

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Israel Says it Will Maintain Control of Gaza-Egypt Crossing

Hamas militants secure aid trucks that arrived the Gaza Strip, in Rafah, Tuesday, Jan. 21, 2025, days after a ceasefire deal between Hamas and Israel went into effect. (AP Photo/Jehad Alshrafi)
Hamas militants secure aid trucks that arrived the Gaza Strip, in Rafah, Tuesday, Jan. 21, 2025, days after a ceasefire deal between Hamas and Israel went into effect. (AP Photo/Jehad Alshrafi)
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Israel Says it Will Maintain Control of Gaza-Egypt Crossing

Hamas militants secure aid trucks that arrived the Gaza Strip, in Rafah, Tuesday, Jan. 21, 2025, days after a ceasefire deal between Hamas and Israel went into effect. (AP Photo/Jehad Alshrafi)
Hamas militants secure aid trucks that arrived the Gaza Strip, in Rafah, Tuesday, Jan. 21, 2025, days after a ceasefire deal between Hamas and Israel went into effect. (AP Photo/Jehad Alshrafi)

Israel says it will maintain control of the Rafah crossing between Egypt and the Gaza Strip during the first phase of the ceasefire with Hamas.

A statement issued by Prime Minister Benjamin Netanyahu´s office on Wednesday denied reports that the Palestinian Authority would control the crossing.

It said local Palestinians not affiliated with Hamas who had been vetted by Israeli security would merely stamp passports at the crossing. It noted that, under international agreements, this stamp "is the only way Gazans may leave the Strip in order to enter, or be received in, other countries."

According to The AP, the statement said Israeli forces would surround the crossing and that Israel must approve the movement of all people and goods through it. It said European Union monitors would supervise the crossing.

Israel captured the Gaza side of the Rafah crossing last May, forcing it to shut down. Egypt, a key mediator in more than a year of negotiations that led to the ceasefire, has demanded that Palestinians control the Gaza side.

Meanwhile, the UN humanitarian coordinator in Gaza says trucks from the UN, aid groups, governments and the private sector are arriving and no major looting has been reported -- just a few minor incidents.

Nearly 900 trucks of aid entered Gaza on the third day of the ceasefire Tuesday, the United Nations said. That's significantly higher than the 600 trucks called for in the deal.

Muhannad Hadi, who returned to Jerusalem from Gaza on Tuesday afternoon, told UN reporters by video that it was one of the happiest days of his 35-year humanitarian career to see Palestinians in the streets looking ahead with hope, some heading home and some starting to clean up the roads.

In his talks with families at a communal kitchen run by the UN World Food Program and elsewhere, he said, they all told him they need humanitarian assistance but want to go home, to work and earn money.

"They don´t like the fact that they have been depending on humanitarian aid," Hadi said.

Palestinians talked about resuming education for their children and about the need for shelter, blankets and new clothes for women who have been wearing the same clothes for more than a year. He said a shipment of tents is expected in the coming days.