Tunisia - Sixth Line of Credit to Banque Nationale de Développement Touristique (BNDT)


Project Summary

Approval Date 19 Nov 1997
Signature Date 13 Oct 1998
Planned Completion Date 31 Dec 2002
Last Disbursement Planned Date 31 Dec 2002
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 217,561,512.28
Status Completion

Project General Description

The Sixth Line of Credit (LOC) to the Tunisian “Banque nationale de développement touristique (BNDT)” is for financing the direct and indirect foreign exchange costs of goods and services to be procured for the implementation of sub-projects in the tourism sector. BNDT, which specializes in financial intermediation, especially for financing investments in tourism, has great institutional and operational capacity for mobilizing the resources it needs to finance tourism investments that contribute to GDP growth. By the end of the implementation period, the LOC would have contributed to the building of 4 and 5 star hotels in the new tourism development areas, the rehabilitation and renovation of old 2 and 3-star hotels; the extension of the capacity of low capacity and low turnover hotels to the minimum level of 200 beds and the construction of new activities and recreational facilities in tourist areas which do not have enough facilities.

Project Objectives

The project’s sectoral objective is to contribute to GDP growth by satisfying the investment needs of the sector. More specifically, the line of credit seeks to contribute to an increase in the hotel capacity in Tunisia, rehabilitate and improve the quality of hotel accommodation, and create related recreational activities through strengthening BNDT resources.

Beneficiaries

The project beneficiaries are Banque nationale de développement touristique (BNDT) and Tunisian tourism industry.

Participating Organization

Funding
African Development Bank
Implementing
BANQUE NATIONALE DE DEVELOPPEMENT TOURIS TIQUE

Information

IATI identifier 46002-P-TN-HAA-022
Last Update 31 Oct 2019

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Geographic Location

Country Tunisia