The Executive Board of the International Monetary Fund (IMF) today approved a 48-month Extended Fund Facility (EFF) with Tunisia for an amount equivalent to SDR 2.04 billion (about US$2.88 billion, or 375 percent of Tunisia’s quota) to support the country’s economic and financial reform program. The authorities five-year economic vision aims at promoting stronger and more inclusive growth by consolidating macroeconomic stability, reforming public institutions—including the civil service-facilitating financial intermediation, and improving the business climate. Following the Board’s decision, an amount equivalent to SDR 227.3 million (about US$319.5 million) is available for immediate disbursement; the remaining amount will be phased in over the duration of the program, subject to eight program reviews.
Distributed by APO (African Press Organization) on behalf of International Monetary Fund (IMF).
Source: Apo-Opa
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