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World Bank to offer 500-mln-USD credit line to back Tunisia's state budget

Source: Xinhua   2018-06-13 05:27:43

TUNIS, June 12 (Xinhua) -- Tunisia's Central Bank said on Tuesday that the World Bank will offer the country a 500-million-U.S.-dollar credit line to support its state budget.

Marouen Abassi, governor of the Central Bank of Tunisia, made the announcement after a signing ceremony of a cooperation agreement between the World Bank and Tunisia's National Anti-Corruption Authority.

Abassi also revealed that the International Monetary Fund will officially approve a new tranche of credit worth 259 million dollars by the end of June.

Such financial resources will consolidate Tunisia's foreign currency reserves to provide for imports in 72 days.

Meanwhile, Abassi said that the tourist arrivals in Tunisia are expected to hit 8 million in 2018, while the economic growth is to grow 2.5 percent.

"For the first time since 2014, we will have been able to achieve such a GDP growth," Abassi said, adding that the growth quality has improved since it now depends more on tourism, manufacturing industry and exports rather than consumption only.

Editor: Mu Xuequan
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World Bank to offer 500-mln-USD credit line to back Tunisia's state budget

Source: Xinhua 2018-06-13 05:27:43

TUNIS, June 12 (Xinhua) -- Tunisia's Central Bank said on Tuesday that the World Bank will offer the country a 500-million-U.S.-dollar credit line to support its state budget.

Marouen Abassi, governor of the Central Bank of Tunisia, made the announcement after a signing ceremony of a cooperation agreement between the World Bank and Tunisia's National Anti-Corruption Authority.

Abassi also revealed that the International Monetary Fund will officially approve a new tranche of credit worth 259 million dollars by the end of June.

Such financial resources will consolidate Tunisia's foreign currency reserves to provide for imports in 72 days.

Meanwhile, Abassi said that the tourist arrivals in Tunisia are expected to hit 8 million in 2018, while the economic growth is to grow 2.5 percent.

"For the first time since 2014, we will have been able to achieve such a GDP growth," Abassi said, adding that the growth quality has improved since it now depends more on tourism, manufacturing industry and exports rather than consumption only.

[Editor: huaxia]
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