Reuters reported that the International Monetary Fund (IMF) on Wednesday approved the payment of a $247 million loan tranche to Tunisia, the sixth under its loan program after the statement of Minister of Reforms Taoufik Rajhi. Tunisia struck a deal with the IMF in December 2016 for a loan program worth around $2.8 billion to overhaul its ailing economy. It included steps to cut chronic deficits and trim bloated public services. This will bring total disbursements to about $1.6 billion since 2016. The IMF approval will open the way for…
IMF disburses $247 million loan tranche to Tunisia
