Tunisia will benefit from a $300 million syndicated loan (€250 million) from several local banks to finance its 2021 State budget. The information was reported by Reuters, which relayed the comments of a senior government official.
The Finance department had called on banks to subscribe to the loan on Tuesday, February 9th, 2021. With a projected deficit of more than 6%, the Tunisian State budget for 2021 plans to borrow up to $ 7.2 billion in particular through Eurobonds or sukuk issuance operations.
While most of the borrowing is planned to be carried out abroad, about $2.2 billion should be raised on the domestic market. The objective for the authorities is to revive an economy affected by several years of crisis and the coronavirus pandemic. It should be noted that the Tunisian government is also considering obtaining a new financing agreement with the International Monetary Fund (IMF), backed by reforms aimed at cleaning up the economy.
"IMF staff view positively the authorities' efforts to untangle and resolve some of the existing cross arrears, and encourage the authorities to put in place a medium-term reform plan," the institution said in a statement.
Moutiou Adjibi Nourou
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Libya tests 130 km pipeline to reduce gas flaring Project to recover 150 million cubic feet daily Move aims to ease bottlenecks, improve gas network...
Côte d’Ivoire to receive €157.9 million Global Fund support Funds target HIV, tuberculosis, malaria programs for 2027–2029 Country...
Africa agrochemicals market to reach $15.08 billion by 2031 Growth driven by pests, food demand, government subsidies Fertilizers...
Montage Gold secures five exploration permits in northern Mauritania Move supports efforts to reduce reliance on Tasiast mine $2 million...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...