Tunisia's Caisse des Dépôts et Consignations (CDC)has completed a study in preparation for the country's maiden green bonds, according to a statement. The study was conducted in partnership with the country's Industry and Mines Ministry and the World Bank with funding from the UK.

What they did: The study targeted assessing the maturity of the green investment market in Tunisia and to identifying the prerequisites for the green bond issuance, the statement notes. The results of the study were presented to stakeholders at a workshop that aimed to develop strategies for promoting green bonds to subscribers, issuers, and project leaders.

Why this matters: Conventional bank credit financing falls short of meeting the financial requirements of the renewable energy sector especially in terms of risk management, time horizons, and funding volumes, the statement said, citing a 2021 report.

IN OTHER TUNISIAN NEWS- The EU disbursed EUR 150 mn to support reform: The EU has extended EUR 150 mn to Tunisia as part of the Program to Support Tunisia's Macroeconomic Reforms which was signed between the EU and Tunisia last year, TAP reports. The funding will allow Tunisia to implement projects in key sectors including the green energy transition and trade.

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