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IMF disburses $247 mln loan tranche to Tunisia, says Tunisian minister

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The International Monetary Fund on Wednesday approved the payment of a $247 million loan tranche to Tunisia, the sixth under its loan program with the North African country, Minister of Reforms Taoufik Rajhi told Reuters.

Tunisia struck a deal with the IMF in December 2016 for a loan program worth around $2.8 billion to overhaul its ailing economy. It included steps to cut chronic deficits and trim bloated public services.