(MENAFN) The World Bank has given the green light to a new USD500 million loan to back economic reforms in Tunisia, the state news agency said yesterday.
While protecting vulnerable households and increasing energy security, the loan is aimed at promoting private investment and generating opportunities for small businesses, TAP news agency said.
Tunisia has dropped into a deep economic slump following the overthrow in 2011 of autocratic leader Zine El-Abidine Ben Ali.
On 2016, Tunisia agreed with the IMF on a loan program worth around USD2.8 billion to overhaul its ailing economy with steps to cut chronic deficits and trim bloated public services, but progress has been slow.
MENAFN3006201800450000ID1097093500
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.