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FINANCIAL NEWS
Tunisia receives $50m loan from World Bank
04 Jul 2010
(MENAFN) The International Bank for Reconstruction and Development, a unit of the World Bank, said that it has agreed to grant Tunisia a $50 million loan to back up its employment development programs, QNA reported.
According to a communique released by the Bank’s representation in Tunis, the Development Policy Loan (DPL) aims to improve efficiency of Tunisia?s professional integration policies, active employment programmes and database for employment policies.
Rebekka Grun, chief economist and Head of this project declared that the DPL is the first step on the path to materialising, over a five-year period, the job market reform programme.
This loan, which supports the 2009-2014 presidential program, will help improve the employment rate and facilitate the economy?s transition to high added-value sectors.
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