Tunisia and IMF reach agreement on $1.78 bln loan

Reuters, Monday 15 Apr 2013

The agreement will be officially announced on Tuesday, and the official signing will take place next month

IMF
International Monetary Fund (IMF) Managing Director Christine Lagarde speaks to the Economic Club of New York in New York, April 10, 2013 (Photo: Reuters)

The International Monetary Fund (IMF) and the Tunisian government have reached agreement on a $1.78 bln precautionary loan which will be announced on Tuesday, a senior government official told Reuters on Monday.

"The agreement is already won and it will be announced tomorrow, but the official signing will be next month," a senior official who declined to be named said.

A delegation from the IMF began a new round of negotiations on 8 April with Tunisia, which asked for the precautionary loan to meet its financial difficulties since the revolution that toppled the former regime two years ago.

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