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

IMF, Tunisia Reach Deal on $1.9 Bn Loan

A general view of Habib Bourguiba Avenue in downtown Tunis, in Tunis, Tunisia, March 22, 2020. REUTERS / Zoubeir Souissi/File Photo

The International Monetary Fund and the Tunisian government have reached a tentative agreement to unblock a $1.9 billion loan as the country faces grave economic and political challenges.

Under the four-year accord, the Tunisian government -- hit by growing public protests at home amid shortages of food and fuel -- has committed to undertake a "comprehensive economic reform program" as it gets access to the money, according to an IMF statement Saturday.

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