The International Monetary Fund today released an additional USD 257 million in funds for Tunisia as part of its four-year, USD 3 billion loan agreement.
The IMF board approved the second review of the country's economic performance under the financial aid package that was initially approved in May 2016.
With the latest instalment the IMF has lent the country nearly USD 1 billion, even though the board acknowledged the government had failed to meet some of its economic benchmarks.
The fund said Tunisia's "growth-friendly and socially-conscious reforms will help stabilise public debt," while "continued monetary tightening and greater exchange rate flexibility help contain inflation, improve competitiveness, and rebuild international reserves."
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