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TunisiaEU approves €150 million disbursement in Macro-Financial Assistance to Tunisia
This is the second of three planned disbursements under the second Macro-Financial Assistance (MFA) programme to Tunisia that was adopted by the European Parliament and the Council on 6 July 2016. In total, the second programme is worth €500 million. With today’s disbursement, the EU has now provided Tunisia with €550 million in MFA funds since 2015.
MFA funds are made available in the form of low-interest long-term loans, conditional on the implementation of specific policy measures agreed in the Memorandum of Understanding.
Tunisia has fulfilled the policy commitments agreed with the EU for the release of the second disbursement under the programme. These included reforms to public financial management, the strengthening of social safety nets and the improvement of the business climate. These measures were designed to support fiscal consolidation and sustainable economic growth in Tunisia. The consolidation of democracy in Tunisia also remains a priority for the EU.
The second MFA programme was proposed following the terrorist attacks of 2015, which negatively affected Tunisia’s economic recovery. This had a significant impact on the country’s balance of payments position and ability to meet its financing needs.
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Tunisia
