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In Tunisia, the European Development Bank in support of local olive oil

The EBRD has just granted a loan of 6 million euros to support the production of one of the most famous dishes in Tunisia.

Olive oil in Tunisia is sacred! 

And that, the EBRD (European Bank for Reconstruction and Development) has understood, by awarding a loan of 20 million dinars (6 million euros) to the Compagnie Générale des Industries Alimentaires (COGIA), to support local producers of olive oil.

 

And for good reason, Tunisia is one of the five largest producers of olive oil in the world, with Spain and Italy in the lead. 

This important loan represents a real boost for the COGIA, and will help to develop the manufacture and export of its oils abroad. 

 

As a reminder, this is not the first time that the EBRD supports the Tunisian growth: since 2012, it has already invested more than 1 billion euros, spread over fifty projects, six of them being linked to the field of olive oil.

 

A major support that seems particularly effective, since Tunisian olive oils are regularly awarded the “best olive oil in the world” according to the very serious ranking of the Olive oil competition of New York.