EU approves €150 million disbursement in Macro-Financial Assistance to Tunisia
October 30, 2019
The European Commission, on behalf of the EU, has approved today the disbursement of a €150 million loan to Tunisia. This is the third and final disbursement under the second Macro-Financial Assistance (MFA) programme to Tunisia, and follows the completion of an important set of policy measures intended to support the country’s economic transition.
Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: “This disbursement underlines our sustained commitment to supporting Tunisia and its people. While the country has delivered on key policy commitments these past years, pursuing and deepening economic and structural reforms remains essential to building on Tunisia’s democratic and political achievements, and securing a more prosperous future. We thus stand ready to work closely with Tunisia to help deliver on the reforms necessary to secure investment, jobs and inclusive growth for the benefit of its people, notably its youth”.
The EU’s commitment to support Tunisia to help it achieve its ambitions was reiterated in the 2016 Joint Communication “Strengthening EU support for Tunisia” and through the launch, by High Representative/Vice President Mogherini and late President Caïd Essebsi, of the EU-Tunisia Youth Partnership which is high on the common bilateral agenda. The 15th meeting of the EU-Tunisia Association Council in May 2019 highlighted the importance of the bilateral relationship and EU support for inclusive and sustainable development in the country.