“The Arab Monetary Fund (AMF) will grant Tunisia three loans worth 180 million dollars (MTD), including two loans to support the balance of payments and a third one to boost economic reform and exchange policy programs,” said Tuesday Jassem Manaï, AMF Director-General and Board Chairman.
The AMF and the Central Bank of Tunisia will sign these three loan agreements Tuesday.
At the end of his meeting Tuesday in Tunis with Interim Prime Minister Hamadi Jebali, the AMF official said “the repayment of these loans will extend over 3 years and more, with a grace period ranging between one and a half and two years and an interest rate of no more than 1%.”
Tunisia, he added, has received 13 loans from the AMF and benefitted for the 900-MTD AMF Arab trade financing program, as well as technical support through the dispatch of experts’ teams to Tunisia and training programs for Tunisian executives.
The fund has also hosted more than 360 Tunisian experts of the Ministries of Finance and Investment and the Central Bank in its training center in Abu Dhabi.