Coronavirus: Arab Monetary Fund to lend $211 mln to Morocco, $98 mln to Tunisia

Tunisians wearing protective masks amid the COVID-19 pandemic walk by on a street in the Kram area of the capital Tunis on May 8, 2020. (AFP)

The Arab Monetary Fund, a regional lender, has agreed to provide loans of $211 million to Morocco and $98 million to Tunisia to help the North African countries deal with the coronavirus crisis, the UAE’s state news agency WAM reported on Friday.

Both Morocco and Tunisia rely heavily on the hard-hit tourism sector as a source hard currency.

Read more: Coronavirus: IMF says Egypt has agreed to $5.2 billion aid package

Last Update: Saturday, 06 June 2020 KSA 07:29 - GMT 04:29