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Economy and Finance
News article20 July 2017Brussels

EU disburses €100 million in assistance to Tunisia

The European Commission, on behalf of the European Union, has today disbursed a €100 million loan to Tunisia. This represents the third and last tranche of the €300 million Macro-Financial Assistance (MFA-I) programme, adopted in May 2014. The Commission raised the funds from the financial markets, by a bond issue of €100 million with a maturity of 15 years and an interest rate of only 1.325 %. This amount has now been on-lent to Tunisia in the form of a loan under the same conditions. Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: "This disbursement is a concrete proof of the EU's strong commitment to support Tunisia's significant reform efforts. Today's payment marks the successful closure of the first MFA operation to Tunisia, which has contributed to macroeconomic stabilisation in the country. The EU is determined to support the people of Tunisia and contribute to the consolidation of the country's nascent democracy." A second, new Macro-Financial Assistance operation for Tunisia for up to EUR 500 million was approved by the European Parliament and the Council on 6 July 2016, and is expected to be implemented during 2017 and the first half of 2018. (For more information: Vanessa Mock – Tel.: +32 2 295 61 94; Barbara Ochotnicka – Tel.: +32 2 291 37 54)

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Publication date
20 July 2017