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