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FINANCIAL NEWS
Tunisia, Qatar ink USD500m loan agreement
25 Nov 2013
(MENAFN) Tunisia and Qatar have signed a USD500 million loan deal to help supporting the North African country’s currency reserves, according to The Peninsula Qatar.
The agreement, signed on Wednesday, stipulates that the loan will be paid back over a five-year period.
Tunisia’s budget deficit so far this year has reached 7.4 percent of GDP according to the finance ministry, while the dinar has lost more than 10 percent of its value against the euro and inflation is running at more than six percent.
Tunisia has been struggling to achieve economic recovery since the 2011 uprising that toppled veteran strongman Zine El Abidine Ben Ali.
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With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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