Tunisia to Become Member of AIIB to Implement Development Projects in Infrastructure

Tunisia to Become Member of AIIB bank to Implement Development Projects in Infrastructure

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Tunis, Nov. 25: Tunisia will become a new member of the Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region. The bank currently has 87 member states from around the world.

'Tunisia’s accession into AIIB will allow the country to benefit from the funding granted by this bank to implement development projects in infrastructure, transport, renewable energy, environment and water resources management,  Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB, said on Wednesday while meeting with Tunisian President Beji Caid Essebsi, in Tunis.

Jin Liqun, who is making a working visit to Tunisia, also stressed the importance that the AIIB attaches to co-operation with Tunisia whose strategic location and different strengths allow it to be a promising regional platform.

Essebsi called for cooperation programs and future financing for the development of inland regions through infrastructure and renewable energy projects.

Tunisia is a North African country bordering the Mediterranean Sea and Sahara Desert.

several Tunisian officials have expressed their willingness to see Tunisia participate in the “Belt and Road” initiative.

Tunisia, enjoying a key position in the Mediterranean between Europe and Africa, is  a privileged tourism destination attracting  Chinese investments in the service sector.

At 2018 Forum on China-Africa Cooperation, Tunisian established “solid partnership” with the China’s Belt and Road Initiative (BRI). The deals included projects to turn Tunisia’s southern port of Zarzis into an economic and trade hub, build a bridge connecting Djerba, Tunisia’s main tourism island, to Djorf in the mineral-rich Medenine region and construct a 140km railway connecting the coastal region of Gabes to Zarzis.

Joining AIIB would help Tunisian business community to diversify their trade and investment.

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