3 credits worth 180 MD for Tunisia

"The Arab Monetary Fund (AMF) will allocate three credits worth 180 million dollars (MD) to Tunisia, including two credits meant to support the balance of payments and a third one to boost programmes of economic reform and exchange policy," said Tuesday Jassem Manaï, AMF Director-General and Chairman of Board of Directors. The AMF and Tunisia's Central Bank will sign these three loan agreements Tuesday. The AMF official said, at the end of a meeting here with interim Prime Minister Hamadi Jebali that "the repayment of these credits will extend over 3 years and more, with a grace period ranging between one and a half and two years and an interest rate of no more than 1%". Tunisia, he added, has had the benefit of 13 loans from the AMF and the AMF programme of Arab trade financing, worth 900 MD, as well as technical support through the dispatch of experts' teams to Tunisia and training programmes for Tunisian executives. The fund has also hosted in its training centre in Abu Dhabi, more than 360 Tunisian experts of the ministries of finance and investment and of the Central Bank.