Regulatory Alerts2024-06-19
Circular to Banks No. 2024-09 of June 19, 2024
The Governor of the Central Bank of Tunisia issued Circular No. 2024-09 to revise the credit schedules and maturity terms for aquaculture financing under Circular No. 87-47. The directive repeals Annex No. 4 TER and updates paragraph "j" of Annex I, establishing specific ceiling limits for tilapia farming, hatcheries, cage fish, and shellfish operations based on projected expenses and yields. Banks must now adjust disbursed credit amounts to these revised thresholds, with repayment terms set at 12 months for tilapia and hatcheries, and 24 months for cage fish and shellfish projects.
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