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FINANCIAL NEWS
IMF gives USD 2.9bn loan aid to Tunisia
22 May 2016
(MENAFN) The IMF confirmed a 48-month arrangement with Tunisia for an amount equal to almost USD 2.9bn in order to help the nation’s economic and financial reform.
Moreover, the program plans to promote stronger and more growth by consolidating macroeconomic stability, including the civil service.
Additionally, the IMF decision frees more than USD 319.5mn for immediate payment; while the remaining will be phased among the duration of the program.
Tunisia’s economy maintained resilience but continues to face notable fiscal, external, structural and social challenges.
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