The International Monetary Fund released more than $500 million in support for Tunisia on Wednesday, shortly after a new technocratic government headed by Prime Minister Mehdi Jomaa was sworn in. The funds, part of a two-year, $1.76 billion loan agreed last June 7 to support reforms in the country's finances, had been held up due to political instability in the country through much of last year. The disbursement of $506.7 million is the second of the loan deal. The IMF said it was approved after the combined first and second reviews of Tunisia's progress under the program had been completed. A government of independents, tasked with steering Tunisia to fresh elections, took the oath earlier Wednesday, replacing an Islamist-led administration under a hard-won deal to end months of political turmoil. The swearing-in of Jomaa's government comes three days after the national assembly finally adopted a new constitution three years after the Arab Spring revolution. Foreign leaders have welcomed the quickening moves to get the political transition back on track in Tunisia, which, despite its own problems, is seen as a beacon of hope compared with other Arab Spring nations like Libya and Egypt that remain mired in instability and political turmoil.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor