IMF approves $1.74 billion standby loan for Tunisia

The International Monetary Fund on Friday approved a two-year, $1.74 billion standby loan for Tunisia to support the government as it implements economic reforms. The funds are to be used to shore up the country's defences against external and internal shocks while it pushes ahead to strengthen the banking system, fix government finances and boost jobs and incomes, the IMF said.
"Tunisia has embarked on a moderate economic recovery while facing a challenging international economic environment and pursuing a political transition," said IMF deputy managing director Nemat Shafik in a statement. "A fragile banking sector, pressing social demands, widespread regional disparities, and high unemployment are key challenges, together with widening external and fiscal deficits."