Olive Oil: BCT Calls on Banks to Finance the Season

The Tunisian Banking Council (BCT) has issued an urgent call to banks to intensify their financing of the olive sector. This measure aims to ensure the smooth running of the season, crucial for the production and marketing of olive oil in Tunisia. The sector, which represents a major economic lever, heavily depends on financial flows to ensure the necessary investments for harvesting, storage, and distribution. ⏱️ 1 min of reading The facts and recent developments The BCT highlights that the olive season is a key moment for Tunisia, due to the country's reliance on olive oil imports, but also due to the contribution of this sector to employment and the local economy. Banks are invited to accelerate loans and adapt to the specific needs of producers, particularly small farmers, to ensure their ability to produce and export. This initiative is part of the BCT's efforts to support agricultural and agri-food sectors, which face challenges related to falling international prices and competition from imports. The banking council emphasizes the necessity of close collaboration between financial institutions and local economic actors to strengthen the resilience of the Tunisian olive sector. ⚡ Key points ▸ The BCT highlights that the olive season is a key moment for Tunisia, due to the country's reliance on olive oil imports, but also due to the contribution of this sector to employment and the local economy. ▸ Banks are invited to accelerate loans and adapt to the specific needs of producers, particularly small farmers, to ensure their ability to produce and export. ▸ This initiative is part of the BCT's efforts to support agricultural and agri-food sectors, which face challenges related to falling international prices and competition from imports.