Tunisia expects to sign a $1.7 billion loan with the International Monetary Fund (IMF) by May, Tunisian Finance Minister Elyes Fakhfakh told Saudi television channel Al-Arabiya on Monday.
Amine Mati, the IMF's mission chief to the North African nation, stated last week that a fund delegation would travel to Tunisia in early April after the country's new government expressed interest in concluding talks for a precautionary loan.
Al-Arabiya also quoted Fakhfakh as saying that Tunisia planned to issue its first sovereign sukuk – or Islamic bond – in July, in hopes of raising $700 million.
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