Posted by: Agence Tunis Afrique Presse

The International Monetary Fund (IMF) Board approved on July 6, the payment of a $ 249.1 million tranche (about 650.760 million dinars) to Tunisia.

This brings the IMF total disbursements to Tunisia to $ 1.139 billion under the four-year-assistance programme, signed in 2016.

The programme agreement is worth about $2.8 billion.

The IMF said in a press release that “the government’s reform agenda is aimed at reinforcing recovery, reducing macroeconomic imbalances, providing adequate social protection and encouraging job creation by the private sector.”

“Pro-growth and social-friendly reforms will help reduce fiscal and current account deficits, reverse debt accumulation, and increase investment and social spending.”

The structural reforms provided for in the agreement between Tunisia and the IMF focus on improving governance, the business climate, fiscal institutions and the financial sector.