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World Bank Grants $500M Loan To Tunisia
The World Bank has approved a $500 million credit facility to help Tunisia.
TheWorld Bankhas approved a $500 million credit facility to help Tunisia,The Wall Street Journalreports. The 30 year loan will help introduce more anti-corruption measures, improve employment and reform the financial sector.
It will also help reduce the risks of an economic downturn. The credit facility is part of a broader financial support package that may total $1.5 billion over the next two years.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromReuters.