Economy World

Tunisia: The ADB loans of $ 500 million

The African Development Bank (ADB) released to Tunisia a budget support loan of $ 500 million on Friday , announced the Arab media on Saturday.

The President of the ADB, with headquarters in Tunis, Donald Kaberuka, said in a statement that a second loan for the same amount was being prepared and should be put in place by the end of the year.

Previously, the International Monetary Fund and World Bank had also pledged to support Tunisia. Thus, the World Bank has promised one billion dollars grant in support.

On 19 May, President Barack Obama announced the start of the program implementation support countries that were emerging from a period of unrest, including Egypt and Tunisia. According to the American head of state, international financial organizations are expected to grant billions of dollars to support democratic reform, create jobs and fight against corruption.


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