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IMF to transfer USD 507mn to Tunisia

February 2, 2014

The IMF will transfer the second tranche of USD 506.7mn to Tunisia under the USD 1.74bn 24-month Stand-By Arrangement with the country, the central bank announced. The IMF aid package, agreed on in mid-2013, aims to support the country's economic reform program during 2013-2015, seeking to strengthen fiscal and external buffers and foster higher inclusive growth. The first tranche of USD 150.2mn was transferred to Tunisia in June 2013 . The Stand-By Arrangement implies regular access to IMF resources, amounting to 400% of Tunisia's quota.

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Source: IntelliNews - Weekly Reports

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