US Pledges Assistance for Tunisia's Transition

U.S. Secretary of State Hillary Clinton during an interview with civil society members at a TV station in Tunisia. Clinton said that the U.S. would aid the country's stabilization by providing financial assistance. Photo by: State Department

U.S. Secretary of State Hillary Clinton said Thursday that the United States would aid Tunisia’s stabilization by providing financial assistance to boost the African country’s economy and help it create jobs and implement political reforms.

U.S. aid to Tunisia will be provided in the form of loans, political risk insurance and loan guarantees, Clinton said. The secretary visited Tunisia March 17, where she held talks with interim President Fouad Mebazaa and visited the local Red Crescent training center, Bloomberg reports.

In a press conference at the Red Crescent office, Clinton said there will a donor conference for Tunisia in the coming months. The United States will be sending a delegation, she said.

Meantime, Algeria is providing $100 million in financial aid to support Tunisia’s political transition, The Associated Press says. The aid package was announced by Tunisian Prime Minister Beji Caid Essebsi at the conclusion of his trip to Algeria and Morocco on March 16.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.