The IMF Executive Board announced on 30 January the completion of the first and second reviews of Tunisia’s economic performance, under a two-year program supported by a standby arrangement for SDR1.146bn ($1.76bn), which was approved in mid-2013 (MEES, 14 June 2013).
The latest review will allow the IMF to disburse to Tunisia $507mn immediately, raising total disbursements to date to $659mn. Last June the IMF made available $150.2mn for immediate disbursement. The arrangement aims to strengthen the country’s fiscal and external buffers and foster higher inclusive growth, following the economic difficulties and series of external shocks arising after the 2011 revolution. (CONTINUED - 703 WORDS)