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FINANCIAL NEWS
IMF, Tunisia reach provisional agreement on USD1.75b loan
21 Apr 2013
(MENAFN) The International Monetary Fund (IMF) announced a provisional agreement with Tunisia on a USD1.75 billion loan package, reported AP.
The IMF said the agreement still needs to obtain the approval of the executive board, which is projected to discuss the matter next month.
According to the Washington-based institution, the loan will strengthen Tunisia’s economic stability and prop up growth.
Furthermore, it will help the Tunisian authorities in developing programs to encourage private investment, create jobs and to execute social policies to lower economic and regional disparities.
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