Pulse.com.gh logo
Go


In Tunisia World Bank plans to lend Tunisia $5 bln over five years

The North African country is struggling with lower tourism revenue after Islamist militant attacks last year, protests over unemployment and slow progress on economic reforms that have lagged political advances made since its 2011 uprising.

  • Published: , Refreshed:

The World Bank plans to lend Tunisia $5 billion over five years to support democratic transition in the North Africa country and revive its economy, Tunisia country manager for the World Bank said on Friday.

The North African country is struggling with lower tourism revenue after Islamist militant attacks last year, protests over unemployment and slow progress on economic reforms that have lagged political advances made since its 2011 uprising.

"The bank has developed a strategy for five years and plans to lend Tunisia $1 billion per year," Eileen Murray, Tunisia country manager for the World Bank, told Reuters.

"We have confidence in Tunisia's transition and will continue to support its economy and to finance infrastructure projects and financial and education sectors."

The country's economy has faltered since the 2011 revolt against autocrat Zine El-Abidine Ben Ali, which sparked the Arab Spring revolutions across North Africa and the Middle East.

Its problems have been exacerbated by last year's attacks by Islamist militants who targeted the country's tourism industry, which accounts for 7 percent of gross domestic product. Gunmen killed foreign visitors at a museum in Tunis and a beach resort in Sousse, forcing tour companies to suspend some operations in the country.

 

Credit: Reuters

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
3 Education Top 5 private high schools in Ghana according to WAECbullet
4 Breaking Otabil finally breaks silence on banking controversiesbullet
5 Tax Policy Gov't weighs in on controversial MoMo taxbullet
6 Incompetence Otabil wasn't qualified to be Capital Bank Board...bullet
7 Banking Crises Joe Jackson urges BoG to ‘rate’ banks to...bullet
8 Promo Glo introduces Yakata, Ghana’s most exciting...bullet
9 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet
10 How to create a verified PayPal account Learn how to...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 Former Capital Bank staff grills pork for survivalbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
6 Support Finance minister buys Kantanka carbullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 Video We are determined to move Ghana beyond aid - Bawumiabullet
9 Plane Crash Starbow suspends operations following plane...bullet

Business