The World Bank has approved a $500 million credit for Tunisia to help the North African country with budget support, a government official said on Tuesday.
The new loan came just after the International Monetary Fund released a $320-million delayed tranche of Tunisia’s IMF loan after the government agreed to speed up economic reforms.
Praised as a model of democratic transition following its 2011 uprising to oust autocrat leader Zine El-Abidine Ben Ali, Tunisia has so far mostly failed to deliver on planned economic reforms to help create jobs and cut public deficits.
By: Tarek Amara (Reuters, Tunis).
Reporting: Tarek Amara.
Writing: Patrick Markey.
Photo: MedAfrica Times.
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