Brussels, 12/02/2016 (Agence Europe) - A European Commission press release of Friday 12 February, states that the Commission has proposed “additional macro-financial assistance to Tunisia of up to €500 million” in the form of medium-term loans at favourable financing conditions. This is “to further assist Tunisia in overcoming its economic difficulties and achieving more sustainable growth”, the press release states.
“The European Commission is living up to its commitment (…) More than ever, it is of utmost importance that Tunisia remains an example to the region”, said European Commissioner for Economic and Financial Affairs Pierre Moscovici, adding that “Tunisia's political transition process has been facing so many economic challenges since 2011”. “The recent terrorist attacks have exacerbated an already vulnerable balance of payments and fiscal position, creating important financing needs”, he said.
The Commission states that this macro-financial assistance “complements the significant EU development assistance which Tunisia already receives”, which “amounts to more than €1 billion in grants provided to Tunisia since the 2011 revolution”. (Original version in French by Fathi B'Chir)