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TunisiaTunisia: EU agrees to €500 million in loans
June 1, 2016
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The EU endorsed today a decision to provide a maximum of €500 million in macro-financial assistance to Tunisia.
The aim is to support economic stabilisation of the country and a substantive reform agenda, contributing to reducing its external financing gap. The support will be shared with the IMF, which on 20 May 2016 extended the arrangement under its extended fund facility for Tunisia for US$2.9 billion.
The European Parliament is expected to approve the decision at first reading at its plenary session on 6‑9 June 2016. The assistance will be subject to a memorandum of understanding (MOU), to be agreed between the Commission and Tunisia. The assistance will be available for a period of two and a half years. It will be provided in the form of loans, to be disbursed in three instalments. (EU Neighbourhood Info)
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