Tunisia’s External Loans Reach 1,390 Million Dollars Until May 2014

Financial resources obtained through external loans have reached 1,390 million dollars (1 dollar=1.6 dinar) until May 2014, said Governor of the Central Bank of Tunisia Chedly Ayari.

These resources deposited in the account of the BCT are shared out as follows: 500 million dollars from the International Monetary Fund (IMF), 200 million dollars from Turkey, 220 million dollars under the 3rd tranche of the IMF loan, 250 million dollars from Algeria and 250 million dollars from the World Bank.

Other financial resources under loans will be granted in the next months, said Ayari, adding that Tunisia has already obtained the approval of donors for these loans.

These loans include 660 million dollars from the IMF (Stand-By-Arrangement with the IMF), 500 million dollars under the US loan guarantee and between 300 and 500 million dollars under Japanese loan guarantee, in addition to 500 million dollars to be collected from the national bond.

He also spoke of the European Union’s commitment to give Tunisia a 300-million-euro loan (1 euro=2.2 dinars) by end of the current year and 100 million euros in 2015.

The US loan guarantee will be granted next July announced Ayari, adding that the Japanese guarantee will be obtained in September 2014.

Most of these loans will the finance economic reforms to be adopted, besides the budget and investment, he also pointed out.

Source : Tunis Afrique Presse