IMF Disburses $245 Mln Loan Tranche to TunisiaSource: www.export-egypt.com 9/28/2018, Location: Africa |
|
|
|
|
|
The International Monetary Fund approved the payment of a $245 million loan tranche to Tunisia, the fifth under its loan programme with the North African country.
The loan programme is tied to Tunisia’s pursuing economic reforms aimed at keeping its deficit under control. The IMF approval will open the way for Tunisia to sell $ 1 billion bonds next month. An official source told Reuters this month that the sale will be early next month after the IMF approval. Tunisia expects economic growth to accelerate to between 3 and 3.5 percent next year from an expected 2.9 percent in 2018, driven by a recovery of the tourism industry and an expanding agricultural sector, officials told Reuters last month. The government aims to reduce its budget deficit to 3.9 percent of gross domestic product next year from the 4.9 percent it is forecasting for 2018. The North African country’s economy has been in crisis since the toppling of autocrat Zine al-Abidine Ben Ali in 2011, with unemployment and inflation shooting up. |
|
|
Financials and Investment News in Tunisia >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Tunisia Oil & Gas 1 >> 2 | |
