VOL. XLV

No 1

7-January-2002

TUNISIA

World Bank Approves $250Mn Loan ToTunisia

The World Bank announced on 20December 2001 that it had approved a $250mn facility to Tunisia in the form ofan economic competitiveness adjustment loan or ECAL III. According to astatement from the bank, the facility carries a grace period of five years anda tenor of 16.5 years. The loan will be used to help Tunisia improve theinvestment climate for the private sector, strengthening the financial sectorand...