IMF releases fresh funds to Tunisia as new government sworn in
The funds are part of a two-year loan agreed last June to support reforms in the country
The International Monetary Fund released more than $500 million in support for Tunisia on Wednesday, shortly after a new technocratic government headed by Prime Minister Mehdi Jomaa was sworn in.
The funds, part of a two-year, $1.76 billion loan agreed last June 7 to support reforms in the country’s finances, had been held up due to political instability in the country through much of last year.
The disbursement, of $506.7 million, is the second of the loan deal.
The IMF said it was approved after the combined first and second reviews of Tunisia’s progress under the program had been completed.
Tunisia appeals for support in last steps towards democracyTunisia adopted a new constitution on Monday, three years after the uprising against former president Zine el-Abidine Ben Ali Middle East
Tunisia names new caretaker governmentThe new caretakers cabinet will govern Tunisia until elections Middle East
Tunisia’s assembly finishes new constitutionThe new constitution had been delayed by political deadlock over the role of Islam in Tunisia’s future political life Africa