Spain Ready to Lend $415M to Tunisia

    Spanish Prime Minister Jose Luis Rodriguez Zapatero has offered a €300 million ($415.8 million) credit line to support the development of Tunisia over the next three years.

    Zapatero pledged Spain’s support for the fledgling government, opposition and civil society in Tunisia during his Feb. 27 visit to the Arab nation, where the two-decade regime of Zine El Abidine Ben Ali was toppled last month.

    “We want to be there from the first moment and we want to be in the group of countries that supports with the greatest determination what is happening in the Arab world,” Zapatero said in a press conference during his Tunisian trip.

    Zapatero called for a Marshall Plan-like initiative for North Africa - where political uprisings have been occurring - that will be backed by European financial entities, Fox News Latino reports.

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    About the author

    • 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.

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