VOL. XLII

No. 20

17-May-1999

TUNISIA

World Bank Approves $159Mn Loan To Tunisia

The World Bank approved a $159mn loan facility to Tunisia on22 April for the development of its financial sector. Mr. Denis Chaput, theproject leader, said in a statement that the loan would both "maintain thecountry痴 macro-economic stability and support reforms in the financialsector." He also explained that Tunisia will gradually eliminate tradebarriers on goods and services in line with its commitment to...