EU approves €200 million disbursement in Macro-Financial Assistance to Tunisia

The European Commission, on behalf of the EU, has today approved the disbursement of a €200 million loan to Tunisia. This disbursement marks the launch of the second Macro-Financial Assistance (MFA-II) programme to Tunisia. A total of €500 million will be disbursed in three instalments in 2017 and 2018. The second Macro-Financial Assistance programme was proposed following the terrorist attacks of 2015, which contributed to halting Tunisia’s economic recovery. This had a significant impact on the country’s balance of payments position and financing needs. The programme was agreed by the Council and the European Parliament on 6 July 2016. Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: “Today’s disbursement to Tunisia is proof of our strong commitment to support the successful economic recovery of one of our closest neighbours. With a renewed sense of urgency, Tunisia has reaffirmed its dedication to an effective partnership. The EU stands firmly with Tunisia in achieving prosperity for all of its people.” A full press release is available here.