AfDB Readies $1.2B for Tunisia

The African Development Bank is prepared to lend $1.2 billion to help Tunisia recover from its political crisis in January.

“We are all set to commit to Tunisia close to $1.2 billion to help their country recover,” AfDB President Donald Kaberuka told a meeting of African finance ministers in Addis Ababa, Ethiopia, on Monday (March 28).

The AfDB chief said the bank is mulling over a similar assistance to Egypt.

“We are in discussions with Egyptian authorities and we will be doing so for other countries in the region,” Kaberuka said, but gave no further details, according to Reuters.

Authoritarian regimes in Tunisia and Egypt collapsed in the early months of the year following street revolts in these Arab nations.

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About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.