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...
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