🇹🇳TunisiaNorth Africa
Tunisia's Finance Committee approves $430 million in state guarantees for STEG
via Business News1 min read
The Finance and Budget Committee of the Assembly of People's Representatives has approved two draft laws, n°38 and n°39 of 2026, concerning state guarantee agreements for the Tunisian Electricity and Gas Company STEG. These laws, examined under an urgent procedure, relate to two loans totaling $430 million. This funding aims to support the energy sector's efficiency, performance, and governance in Tunisia. Draft law n°38 authorizes the ratification of a $400 million loan agreement signed on November 3, 2025, between Tunisia and the International Bank for Reconstruction and Development IBRD for STEG. Draft law n°39 approves a second guarantee agreement, concluded on the same date between Tunisia and the IBRD, acting as the implementing entity for the Clean Technology Fund, for a $30 million loan also for STEG. The parliamentary committee's approval is a preliminary step before the agreements are reviewed in a plenary session for final ratification. These financings come as STEG faces significant financial challenges, with its public debt reaching 7.356 billion dinars as of June 23, 2026.
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This summary was AI-generated from a story originally published by Business News.
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