World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Tunisia to Borrow $500 Million with U.S. Loan Guarantee

Tunisia to Borrow $500 Million with U.S. Loan Guarantee

The United States will provide a sovereign loan guarantee to Tunisia, enabling the Tunisian government to raise $500 million from international capital markets at favorable rates.

The guarantee improves Tunisia’s ability to implement economic reforms and lay the groundwork for broad-based economic growth, the U.S. Treasury Department said in an April 4 press release.

“We are encouraged by the progress the Tunisian government is making with regard to its political transition, and with the work underway to implement the tough but critical economic reforms that will lay the groundwork for increased investment and job creation,” Lew said. “Economic stability is key to political stability. This loan guarantee will complement the efforts of the Tunisian government to provide economic opportunities for the people of Tunisia, and will be important to the region. We are pleased to be partners in this effort.”

This is the United States’ second sovereign loan guarantee for Tunisia. It backed a loan of $485 million in 2012.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Malawi In Urgent Need After Intense Flooding

Torrential rains in Malawi have caused dozens of deaths, with hundreds of people still missing. Photo: UNDP/Arjan van de Merwe More>>

Lack Of Funding Hampering Aid To Syria

Deputy Emergency Relief Coordinator Kyung-wha Kang briefs the Security Council on the situation in Syria. UN Photo/Eskinder Debebe More>>

Spy Agency CSE Is Monitoring Our Private Online Activities

Breaking - Spy agency CSE is monitoring our private online activities on a massive scale and sharing sensitive data with other governments More>>

UN ‘blue Helmet’ Killed Near Lebanon-Israel Cross-Fire

28 January 2015 – A United Nations peacekeeper with the UN Interim Force in Lebanon ( UNIFIL ) was killed today near the border with Israel but the precise cause of death is as yet undetermined and remains the subject of investigation, according ... More>>

ALSO:


Lack Of Funds Forces UN Agency To Halt Gaza Rebuild

Lack of funds forces UN agency to halt Gaza programme for repairs to destroyed homes More>>

ALSO:

Freeport Wins 6-Month Export Extension

An aerial view shows the site of the Grasberg Mine, operated by US.-based Freeport-McMoRan, in Papua in this Nov. 4, 2010 file photo. (Reuters Photo/Muhammad Yamin) More>>

ALSO:

Former Malaysian Prime Minister Speaks Out Against Sarawak

After receiving a letter from the network of communities affected by the dams, Malaysia’s former Prime Minister Mahathir Mohamad criticises the Sarawak government’s multi-dam initiative More>>

Egypt: UN Rights Chief Urges End To Excessive Use Of Force

As police, protesters clash in Egypt, UN rights chief urges end to excessive use of force More>>

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news