VOL. XLII

No. 13

29-MARCH-1999

TUNISIA

ADB Approves $136Mn Loan To Tunisia

The African Development Bank (ADB) has approved a loan toTunisia of $136mn that will be used to modernize Tunisiaç—´ banking system andreform public sector companies. The two-year loan is part of theCompetitiveness Support Program co-funded by the World Bank and the EU. Theoverall program will be worth $400mn and aims to boost the competitiveness ofthe Tunisian economy.