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EU approves €150 million disbursement in Macro-Financial Assistance to Tunisia

The European Commission, on behalf of the EU, has approved the disbursement of a €150 million loan to Tunisia.

date:  07/11/2019

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The disbursement approved on 29 October is the third and final disbursement under the second Macro-Financial Assistance (MFA) programme to Tunisia, and follows the completion of an important set of policy measures intended to support the country's economic transition. The reforms undertaken as part of this MFA reflect the efforts made by Tunisian authorities to implement a set of far-reaching reforms designed to fight corruption, build a more equitable tax system, increase the quality of public administration, and improve the country's social protection system. The programme has also supported reforms to enhance labour market policies and reduce unemployment, especially among youth, as well as to improve the business climate in Tunisia. The second MFA programme, worth €500 million, was adopted in July 2016 by the European Parliament and the Council. With this disbursement, the EU has now provided Tunisia with €800 million in MFA funds since 2015.