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Tunisia receives final tranche of $500mn Turkish loan

February 12, 2014

TUNIS The Tunisian government has received $200 million from Turkey, the second and final tranche of a $500 million loan pledged by Ankara last year, Tunisian Foreign Minister Al-Mongey Hamdi said Tuesday. Hamdi made the announcement at a joint press conference with Turkish counterpart Ahmet Davutoglu, who is currently visiting Tunisia to show Turkey's support for the newly-appointed cabinet of Prime Minister Mehdi Jomaa. "The Tunisian Central Bank last week received the second $200 million tranche of the Turkish loan," Hamdi confirmed. Last summer, Tunisia'sNational Constituent Assembly approved the loan, provided by the Turkish government to support the North African country's post-revolution democratic transition. Of the total amount pledged by Turkey, $100 million will come in the form of a grant. Tunisia's new government was sworn in late last month by President Moncef Marzouki.

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Source: Anadolu Agency (Turkey)

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