Tunisia to receive $506 million from IMF in a delayed package loan

January 31, 2014 11:18 AM1 commentViews: 12

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The International Monetary Fund (IMF) approved to disburse the delayed $506 million loan to the Tunisian Central Bank (BCT) to support the brittle economy.

The loan was approved on Wednesday 29, 2014, after the new caretaker government of non-partisan experts led by Premier Mehdi Jomaa took office. It is a second disbursement of a two-year package: $1.76 billion.

The battered economic situation in Tunisia deteriorated because of the political turmoil that tackled the country following the Arab Spring uprising and the ousted of former president and Dictator Ben Ali. In 2011, the economic growth plumbed to -2%. Its revival has been thwarted by an upheaval caused by the political assassination of the two opposition figures Chokri Belaid and Mohamed Brahmi, in 2013.

What further daunted investors and obstructed reform were the terrorist threats and attacks that led to a rather growing social unrest amid worsening security and labyrinthine economy. These attacks marked a rather dramatic fall of the two major pillars of economy in Tunisia, tourism and export.

The IMF loan will boost the dire situation in Tunisia and help the country leapfrog the sets of obstacles that have been bogging down steps towards stability.

1 Comment

  • Ben Dragon Sipariş duyuyorum…

    Satanism is a Jewish cult… The Synagogue of Sodomy… it is lipstick on a kosher pig… It is Jewish globalist financiers that are flooding Europe with Muslims. Muslims are just witless pawns in all of this… Usury is forbidden by Islamic law…

    The Jewish owned international media is on an anti-white, anti-Christian fággot jihad… the Muslim Brotherhood is a proxy army, followers of a false prophet… funded and directed by Jewish globalist financiers, just like Sodom Hussein Obama and the Salafist terrorists opposing Assad in Syria…

    Vladimir Putin and Abdel Fattah al-Sisi do not have gay pride marches in their armies…

    May God be great in both Russia and Egypt… It is the Jew who loses the most in peace between the Christian and the Muslim.

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