8.7 C
New York
November 21, 2024
1st Afrika
ECONOMY

IMF Approves $217m Loan For Tunisia

 

“Cancel the debt – vote against macro-financial assistance loans for Tunisia”

MEP Paul MURPHY (GUE/NGL, IE) and MEP Marie-Christine VERGIAT (GUE/NGL, FR)
The International Monetary Fund said on Friday it had completed a review of its loan programme for Tunisia, clearing the way for disbursement of about $217.5 million.
The latest disbursement brings the total funds released under the program to about $1.1 billion, the IMF said.

The Fund agreed last year to support Tunisia with a two-year credit worth about $1.74 billion. In exchange, Tunisia agreed to follow certain economic polices, such as keeping its deficit under control and making the foreign exchange market more flexible.

The IMF said Tunisia has complied with all the conditions of the program so far, including structural reforms, despite a difficult economic situation, with high unemployment and rising imbalances

Related posts

Joining BRIC set to Boost South African Property market

Jide Adesina

BHP Targets Further Spending Cuts As Iron Ore, Oil Prices Tumble // BHP Cibles De Réductions De Dépenses Supplémentaires Dans Le Minerai De Fer, Les Prix Du Pétrole Tumble

Jide Adesina

Zim Dollar Is Suicidal To Zimbabwe Economy // ZIM Dollar Est Suicidaire Pour L’économie Du Zimbabwe

Jide Adesina

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More