Tunisia is to receive €500mn in concessionary loans from the EU to “assist in overcoming its economic difficulties and achieving more sustainable growth.”

EU economy commissioner Pierre Moscovici says that it is crucial that Tunisia remains an example to the region. “Tunisia’s political transition process has been facing so many economic challenges since 2011;” recent terrorist attacks “have exacerbated an already vulnerable balance of payments and fiscal position, creating important financing needs,” he says. (CONTINUED - 456 WORDS)