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Tunisia hopes to sign $1.7 bn IMf loan by May: Finance minister

IMF delegation to visit North African nation early this month to discuss proposed $1.7-billion loan, say fund officials

Ahram Online, Monday 1 Apr 2013

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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