Tunisia Receives a Major Loan From the IMF Amid Economic Reforms!
Since the Tunisian Revolution back in late 2010, the country is striving to revive its economy, but strikes, terror attacks, and political divisions were standing in the way. However, the International Monetary Fund has approved the release of a $249 million loan tranche to Tunisia. This is a part of an economic reform programme, in a capital injection to the struggling economy.
According to a statement by the IMF yesterday, this is the fourth tranche from Tunisia’s four-year programme brings the country’s disbursements to $1.14 billion from a total of about $2.9 billion. Tunisia’s current monetary policy is focusing on tackling and controlling the surging inflation.
On a similar note, tourism revenues increased by more than 46% in the first half of 2018 to $492.3 million for the period, and the FDI increased.