The investment will directly support IFC priorities in Paraguay, fostering private investment and competition; encouraging economic formalization through financial resources for local businesses; and directing capital toward solutions that drive gender equality.

Tunisie Leasing and Factoring has raised a $7.5 million green loan arranged by Symbiotics Investments to further expand its renewable energy and energy-efficient machinery and equipment offerings.

According to the World Bank, the loan aims to finance Tunisian institutions for lending to eligible small and medium-sized enterprises.

The loan will increase access to finance for small and medium enterprises (SMEs) in Paraguay, which in turn will have a positive impact on job creation and the economic recovery from the effects caused by the COVID-19 pandemic and climate change.

The initiative will include the International Dialogue on the Role of Islamic Social Financing in Achieving the SDGs, which will launch critical discussions including with global leaders and Islamic institutions on the role of Islamic social financing.

Tunisia’s apex bank, Central Bank of Tunisia last Thursday, March 26, unveiled new banknotes honouring a female history maker in the country’s medical history.