Tunisia: Bill Approving Syndicated Loan Agreement to Fund State Budget Adopted

Tunis — The Assembly of People’s Representatives ( ARP) adopted Tuesday in a plenary session draft law n° 2024/053 which provides for the approval of a financing agreement signed on May 16, 2024, by Tunisian State and a group of local banks to fund the state budget. 85 MPs voted for, 5 against and 18 abstained.

This is a syndicated loan agreement in foreign currency ( €156 million + $16 million), that is TND 570 million, which was signed on May 16, 2024, by the Finance Ministry and sixteen…