Further macro-financial aid to Tunisia

18-05-2016

The Tunisian economy has faced serious difficulties since the 2011 revolution. In 2015, the economic situation was significantly affected by the terrorist attacks and production disruptions, exacerbating the country's already weak fiscal and balance of payments position and resulting in sizeable financing needs. As part of the EU's commitment to supporting the consolidation of democratic mechanisms in the country, the European Commission has proposed to grant macro-financial assistance (MFA) to Tunisia for a second time, amounting to a maximum of €500 million. The proposed regulation would follow the first grant of MFA, of €300 million, approved in 2014, the last tranche of which is expected to be disbursed in the second quarter of 2016. MFA is intended as a complement to financing from the International Monetary Fund (IMF). A more recent edition of this document is available. Find it by searching by the document title at this address: http://www.europarl.europa.eu/thinktank/en/home.html

The Tunisian economy has faced serious difficulties since the 2011 revolution. In 2015, the economic situation was significantly affected by the terrorist attacks and production disruptions, exacerbating the country's already weak fiscal and balance of payments position and resulting in sizeable financing needs. As part of the EU's commitment to supporting the consolidation of democratic mechanisms in the country, the European Commission has proposed to grant macro-financial assistance (MFA) to Tunisia for a second time, amounting to a maximum of €500 million. The proposed regulation would follow the first grant of MFA, of €300 million, approved in 2014, the last tranche of which is expected to be disbursed in the second quarter of 2016. MFA is intended as a complement to financing from the International Monetary Fund (IMF). A more recent edition of this document is available. Find it by searching by the document title at this address: http://www.europarl.europa.eu/thinktank/en/home.html