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The US and Tunisia on 3 June signed a loan guarantee agreement which will allow the North African country to access up to $500mn in affordable financing from international capital markets.
The guarantee “underscores the United States’ commitment to the people of Tunisia and their democratic transition… [and] is designed to support Tunisia as it pursues important reforms that will provide the foundation for economic growth and prosperity,” the USAID says.
The latest loan guarantee follows a $485mn guarantee extended in 2012 to facilitate Tunisian access of global markets for the first time since 2007, USAID says, noting that the loan guarantees are only one component of broader US support for Tunisia. Additionally the US committed $400mn in assistance to support Tunisia’s transition. (CONTINUED - 285 WORDS)