Regulatory Alerts2019-10-18
Central Bank of Tunisia Circular No. 2019-11 dated October 18, 2019
The Central Bank of Tunisia, through Circular No. 2019-11 dated October 18, 2019, amends the rates and repayment deadlines for medium-term aquaculture loans by repealing Article 23-ter of Circular No. 87-47 and updating Annex I to establish specific ceiling amounts for species such as tilapia, sea bass, sea bream, oysters, mussels, and clams. The revised framework mandates that disbursed loan amounts be adjusted according to actual expenditures and realized yields, while standardizing maturity periods at 12 months for seasonal farming and 24 months for medium-term cage and shellfish operations. Banks must apply these updated parameters when granting and monitoring aquaculture financing to ensure alignment with project production capacities and regulatory compliance standards.