Tunisia, IMF in advanced negotiations for USD1.78b standby loan

05 Feb 2013

(MENAFN) The International Monetary Fund’s (IMF) mission chief to Tunisia, Amine Mati, stated that the fund is in advanced talks with Tunisia for a potential USD1.78 billion standby loan, reported AFP.

Mati said that the amount is aimed at shielding the North African economy from external turbulences that could result from the global environment.

According to the mission chief, the government’s macroeconomic policies and structural reforms were focused on supporting comprehensive growth.

The measures include lowering regional disparities and unemployment and achieving social equality, at the same time as maintaining macroeconomic stability.

It is worth noting that the mission will continue to work with the country’s authorities in the coming weeks to conclude the stand-by deal that supports Tunisia’s economic program for presentation to the IMF Executive Board in March.

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