Off the wire
• Japanese fiber firm develops wearable electrocardiogram textile  • Indian Army contingent to join Moscow Victory Day Parade  • Feature: Chinese enterprises showcase innovations in world's biggest industrial fair  • Italian parliament approves anti-terrorism law  • 13,000 accounts closed for online blackmail, fraud  • Vietnam detects seven corruption cases in Q1  • Iraqi forces launch offensive to free north Tikrit from IS  • Germany to sell weapons to Lithuania: officials  • French March CPI up 0.7 pct on soaring manufacturing prices  • Eurozone int'l trade in goods surplus reaches 20.3 bln euros in Feb.  
You are here: 　 Home

EU approves disbursement of 100 mln euros to Tunisia

Xinhua, April 15, 2015 Adjust font size:

The European Commission on Wednesday said it approved the disbursement of 100 million euros (106.01 million U.S. dollars) in the form of loans to Tunisia on behalf of the European Union (EU).

This amount represents the first tranche of the 300 million euros macro-financial assistance (MFA) program to Tunisia approved by the EU in May 2014, said the Commission.

"The assistance should help ease the country's financial constraints at a time when it is undergoing a historical political transition and implementing an ambitious economic reform agenda," said Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxations and Customs.

"We support Tunisia's efforts to maintain macroeconomic stability while creating more sustainable growth and more jobs for its people," he added.

The disbursement of the MFA was linked to the implementation of a number of economic policy measures as set out in a memorandum of understanding signed by the EU and Tunisia. Endit