The World Bank says it has approved a five-year plan to lend Tunisia up to five billion dollars to support economic reforms aimed at reviving growth and creating jobs.
The bank said in statement on Wednesday that the deal would restore the country’s economy growth.
Tunisia’s parliament recently approved laws on banking and on strengthening central bank autonomy to shield its board from political interference, two reforms sought by the country’s international lenders.
The North African country is struggling with lower tourism revenue after Islamist militant attacks last year, protests over unemployment and slow progress on economic reforms since its 2011 uprising.
The economy has faltered since the 2011 revolt against autocrat Zine El-Abidine Ben Ali which sparked the Arab Spring revolutions across North Africa and the Middle East.
Problems have been exacerbated by last year’s attacks by militants who targeted the tourism industry which accounts for about seven per cent of gross domestic product.
Gunmen killed foreign visitors at a museum in Tunis and a beach resort in Sousse forcing tour companies to suspend some operations. (Reuters/NAN)