EIB lends Tunisia $233 mln in emergency support for food security

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The European Investment Bank, the lending arm of the European Union, has approved a 220 million euro loan ($233 million) for Tunisia, including 150 million euros in emergency support for food security, the Tunisian Ministry of Economy said on Sunday.

Tunisia is in a deep financial crisis which has resulted in a shortage of many food commodities in recent weeks. Agriculture Minister Mahmoud Elyess Hamza said the loan will help Tunisia to regularly supply soft wheat.

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There are widespread shortages of sugar, cooking oil, milk and butter, coffee, tobacco and bottled water, with the situation seeming worse in poorer regions far from the capital, according to a Reuters report.

Read more: Tunisian parliamentary election had 8.8 percent turnout: Electoral commission

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