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

File photo of Tunisia’s Prime Minister Youssef Chahed as he speaks during a national conference over 2019 budget in Tunis, Tunisia. (File photo: Reuters)

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.

Last Update: Wednesday, 20 May 2020 KSA 14:04 - GMT 11:04