World Bank to provide USD500m loan for Tunisia's economic reforms

2018-07-01 02:00:58

(MENAFN) Tunisia is to reportedly receive a new loan of USD500 million from the World Bank to back its economic reforms.

TAP news agency reported the loan to promote private investment and open up opportunities for small businesses, along with defending vulnerable households and booting energy security.

The World Bank is to finance projects in Tunisia such as several programs in the energy, water and technology sectors, as well as supporting private initiative and infrastructure, as affirmed the Tunisian Ministry of Development, Investment and International Cooperation.

The funds were also said to be determined through the progress of Tunisia's economic reforms, which are nearly the same as those required by the International Monetary Fund (IMF) to keep funding the Tunisian economy.

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