June 19, 2024

Arab Monetary Fund extends $74m loan to Tunisia to boost its fiscal position


Tunisia has signed a $74 million loan with the Arab Monetary Fund, a regional lender, to support public finance reforms, the central bank said on Friday, as the country suffers its worst financial crisis.

The loan comes weeks after Tunisia reached a staff-level agreement with the International Monetary Fund for a $1.9 billion loan.

It will be repaid over five years and a grace period of 30 months, the central bank added.

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