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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

EU to Lend Tunisia 450 Mln Euros for Budget Support, Commissioner Says

Residents wearing face masks shop for the Ramadan in Tunis, April 23, 2020. (AP)

The European Union said on Tuesday it will lend Tunisia 450 million euros ($500 million) to support its budget as the North African country faces a looming crisis in public finances for which it is seeking an international rescue package.

Speaking after a meeting with Tunisian government officials in Tunis, the EU commissioner for enlargement, Oliver Varhelyi, said the money would be sent by April and included 300 million euros allocated last year.

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