Public Management

Tunisia gets $300mln loan from banks to finance State budget

Tunisia gets $300mln loan from banks to finance State budget
Monday, 08 February 2021 17:03

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Coris Bank International posted a 36% increase in net profit in 2025. The bank grew its customer base by 11.6% and deposits to CFAF 2,015.3...
Kenya has asked the World Bank for rapid emergency financing to cushion the economic shock from the war in Iran, Governor Kamau Thugge said...
Seven of Nigeria's top 11 listed banks missed the March 31 deadline for 2025 audited accounts, all citing pending Central Bank approval The bottleneck...
DRC secures $3.1 million UK funding for agricultural SMEs Program to support 5,000 farmers, including women-led businesses Initiative targets...
Most Read
01

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
02

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
03

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
04

Nigeria, Nestlé sign MoU for dairy training center in Abuja Center to train farmers in breeding, ...

Nigeria, Nestlé partner to strengthen dairy sector skills
05

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.