Arab Today, arab today tunisia signed 28 loan agreements in last 12 months
Last Updated : GMT 16:22:08
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Saudi Arabia and Germany help North African state

Tunisia signed 28 loan agreements in last 12 months

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Arab Today, arab today Tunisia signed 28 loan agreements in last 12 months

Tunisia's Foreign Affairs Minister Othman Jarandi
Tunis - Mukhtar Khamoun

Tunisia\'s Foreign Affairs Minister Othman Jarandi The Tunisian government has received 28 loans from various bodies in the last 12 months, official figures have revealed. The news comes a week after the International Monetary Fund (IMF) approved a $1.7 billion loan request from Tunisia.
Under the two-year agreement, the North African state would receive $150 million immediately, with the rest of the amount being paid in instalments to fund Tunisia\'s economic programme.
Earlier, Tunisia\'s National Constituent Assembly (NCA) ratified the agreements concluded between the Tunisian government and Turkey for a $200m loan, along with another agreement between the Tunisian government and the Turkey\'s Eximbank for the same amount. This was just after Tunisia\'s Foreign Affairs Minister Othman Jarandi signed an agreement with the Japanese Ambassador to Tunis to receive a $600m loan.
The Tunisian government obtained 28 loans from June 2012 to June 2013, including a $50m agreement with the OPEC Fund for the International Development (OFID) to finance a power plant project.
Other agreements ratified by the NCA included a deal with the Saudi Fund of Development to finance a power plant worth 450m Saudi Riyals, and another with the Islamic Bank of Development to obtain a €150m loan to pay for a power plant.
The Tunisian parliament also ratified an agreement of financial cooperation between the Tunisian government and Germany worth €30.5m.

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