World Bank lends Tunisia $400m for social reforms

The World Bank Tuesday announced the intent to provide $400 million to Tunisia in view of backing social reforms.
Ferid Belhaj, World Bank Vice President for Middle East and North Africa, made the announcement to Tunisian Prime Minister Najla Bouden during a visit.
The World Bank official also indicated that the US-based institution will help the North African country mobilize the necessary reforms needed for the implementation of economic reforms that will have a positive impact at the social level.
Tunisia is in need of financial support to supplement its 2022 national budget short $2.8 billion. International lenders are reluctant to heed the call owing to the ongoing political crisis that has engulfed the country after President Kais Saied seized all major powers on July 25.
The International Monetary Fund (IMF) and several countries friends of Tunisia have conditioned their help to a set of reforms. Only Algeria has so far provided $300 million to help its neighbor to cope with its economic debts.