The World Bank will lend Tunisia about $400 million to finance social reforms, the Tunisian government said on Tuesday, as it started talks with the International Monetary Fund on economic reforms.
The country, which is suffering from a financial crisis, is seeking to obtain a rescue package from the IMF in exchange for economic reforms, including spending cuts.
After a meeting with Prime Minister Najla Bouden, World Bank Vice President Ferid Belhaj said on Tuesday the bank was ready to provide the necessary funds for Tunisia to implement economic reforms.
The IMF and foreign donors have said the outlined economic reforms, including to energy subsidies, would need broad support, including from the powerful UGTT union for a deal to be secured.
According to Reuters, Finance Minister Sihem Boughdiri said earlier this month that Tunisia hoped to seal an agreement with the IMF in April.
