The Arab Monetary Fund said in its statement issued on Wednesday, August 4, 2021, that it had provided a compensatory loan for Tunisia in the amount of 82 million US dollars to meet the current challenges.
The text of the statement added that “the Fund is closely following the developments of the Tunisian economy and the challenges it faces due to the current circumstances, and is working through a fruitful partnership with the Tunisian government to provide the most effective ways to confront various challenges, as the Fund has completed the procedures to withdraw the second installment of another loan to the Republic of Tunisia to support a reform program.” In the financial and banking sector, which amounts to 9.588 million Arab arithmetic dinars, equivalent to about 41 million US dollars, as the withdrawal was made on July 15, 2021.”
The Fund had considered, according to its report issued in late July 2021, that the social and political stability in Libya would reflect positively on the Tunisian economy through the increase in the value of Tunisian exports to Libya, in addition to contributing to reducing the unemployment rate, as Libya is an important destination for the Tunisian workforce. .
The report indicated that “economic activity is expected to witness a gradual recovery from the effects of the Corona pandemic, in light of the gradual trend to ease quarantine procedures and launch the vaccination campaign against the virus.” The report added that the tourism sector in Tunisia is expected to witness an improvement in its added value as a result of Provides vaccination campaigns against the virus.
As for the extractive industries, the production levels from the “Nawara” and “Halq Al-Manzil” fields will witness an improvement in light of the gradual return to oil and natural gas production. negatively on the agricultural sector.
The report also dealt with the issue of the expected global economic recovery, especially in Europe, which will benefit Tunisia as a major partner for Tunisia, especially with regard to manufacturing industries.
The Arab Monetary Fund expected Tunisia to achieve a growth of about 3.9 percent in 2021, with the improvement of the added value of each of the manufacturing industries to grow by 2.4 percent.
The Foundation also expressed its support for Tunisia’s economic recovery from the Covid-19 epidemic by meeting the banks’ liquidity needs and continuing to work with the refinancing mechanism for a period of one month in order to support banks and financial institutions in their efforts to combat the Corona virus, with an amount of 863 million Tunisian dinars.
The Arab Monetary Fund is a regional Arab financial institution established since 1976, with 22 members in Arab countries, including Tunisia, based in the United Arab Emirates, with the aim of promoting and developing monetary cooperation in the countries of the Arab world.
Ttranslated by Rifi-JDD
