(MENAFN- Kuwait News Agency (KUNA)) The European Commission, on behalf of the EU, Wednesday approved the disbursement of 100 million euro in the form of loans to Tunisia.
This amount represents the first tranche of the 300 million euro in Macro-Financial Assistance (MFA) program to Tunisia approved by the EU in May 2014, it said in a statement.
"Europe is living up to its commitment to Tunisia." Pierre Moscovici, EU Commissioner for Economic and Financial Affairs, said.
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.
This assistance is part of the EU's and other international donors' efforts to help Tunisia overcome its economic challenges.
The disbursement of the MFA is 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.
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