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EU approves €150 million disbursement in Macro-Financial Assistance to Tunisia

31/10/2019 | Economy |  Daily News 30 / 10 / 2019

 Press release European Commission



The European Commission, on behalf of the EU, has approved today the disbursement of a €150 million loan to Tunisia.

This is the third and final disbursement under the second Macro-Financial Assistance (MFA) programme to Tunisia, and follows the completion of an important set of policy measures intended to support the country’s economic transition.

The reforms undertaken as part of this MFA reflect the efforts made by Tunisian authorities to implement a set of far-reaching reforms designed to fight corruption, build a more equitable tax system, increase the quality of public administration, and improve the country’s social protection system.

The programme has also supported reforms to enhance labour market policies and reduce unemployment, especially among the youth, as well as improve the business climate in Tunisia.

Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: This disbursement underlines our sustained commitment to supporting Tunisia and its people. While the country has delivered on key policy commitments these past years, pursuing and deepening economic and structural reforms remains essential to building on Tunisia’s democratic and political achievements, and securing a more prosperous future. We thus stand ready to work closely with Tunisia to help deliver on the reforms necessary to secure investment, jobs and inclusive growth for the benefit of its people, notably its youth. 

A full press release is available here.


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