The African Development Bank approved on May 30 a $500 million loan designed to help restore social and economic stability and promote inclusive growth in Tunisia.
The budget support, which will be disbursed in a single installment, is part of the $1.4 billion package from AfDB, the World Bank, the European Union and the French Development Agency.
The $500 million budget support will be used to immediately address key priorities of the Tunisian people, including better access to social services, stronger citizen voice and accountability, and more and better jobs.
AfDB President Donald Kaberuka also confirmed the bank’s long-term commitment to Tunisia and other North African countries. He said AfDB is ready to provide up to $7 billion to the region in the coming years.
Economic support for Tunisia, Egypt and other Middle East and North African countries was one of two key pillars of the Deauville Partnership, which outlines G-8 leaders’ commitment to assist the economic and political transitions of countries in the MENA region.
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