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Tunisia Gets $500M AFDB Loan

Tunisia has secured a new $500 million loan from the African Development Bank.

    Tunisia has secured a new $500 million loan from theAfrican Development Bank(AFDB),Reutersreports. The financing is part of a $1.4 billion in emergency funding for Tunisia provided by theWorld Bank, the European Union and the French development agency.

    The African nation seeks to use the proceeds from the loan to support its budget. According to AFDB presidentDonald Kaberukaan additional $500 million will be in place by the end of the year.

    Click here for the story fromReuters.

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