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Friday 18 June 2021
HomeNewsTunisia, IMF continue technical negotiations on $1.78 billion loan

Tunisia, IMF continue technical negotiations on $1.78 billion loan

Negotiations between Tunisia and the International Monetary Fund on a $1.78 billion loan are continuing at a technical level, an IMF spokeswoman said after political turmoil prompted Prime Minister Hamadi Jebali to resign.

“Negotiations for a new precautionary Stand-By-Arrangement (SBA) are still ongoing at a technical level,” Wafa Amr told Reuters on Tuesday.

“Once a new government is named, we will enquire about its intentions/mandate. Once the political situation is clarified, we’ll assess how best to help Tunisia.”

The IMF said early this month that talks on Tunisia obtaining a $1.78 billion SBA, a stand-by arrangement that would be used as insurance to back the country’s development after its 2011 revolution, were at “an advanced stage”.

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