The World Bank has now disbursed a $500 million loan to support Tunisia’s budget, Reuters reports.
According to Reuters news of the disbursement was confirmed by an official source on Thursday.
In June the World Bank approved the new $500 million loan mean to support economic reforms in Tunisia.
The state news agency at the time said the loan is aimed at promoting private investment and creating opportunities for small businesses.
The loan package will also protect vulnerable households and increase energy security.
Tunisia entered into a serious economic crisis after the overthrow former leader Zine El-Abidine Ben Ali in 2011.
The country has struggle to implement economic reforms that could help create jobs and cut public deficits.
Reducing budget deficit in Tunisia has been a challenge and the country needs $3 billion in foreign loans this year alone.
Source: Africafeeds.com
