“Our visit to Washington was important and fruitful with International Monetary Fund, World Bank and American officials”, minister Ali Kooli told Reuters.
Kooli was in Washington to start discussions about a new loan program with the IMF.
The US funding will be extended through the Millennium Challenge Corporation (MCC), a US government foreign assistance agency and will help finance projects in the transport and water sector and support rural women.
Tunisia’s economy contracted by 8.8% last year as the pandemic hit the vital tourism sector. This year the economy is expected to grow by 3.8%. according to IMF estimates.
Tunisia also struggles with a surge in its budget deficit that stood at 11.5% in 2020 when the country received $750 million emergency assistance from the IMF.