Tunisia Obtains New Financing from the European Union to Ease the Pressures on Its Financial Balances

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The Minister of Economy and Planning, Samir Saïed, and the Ambassador of the European Union in Tunisia, Marcus Cornaro, signed yesterday, Monday, November 14, an agreement worth 100 million euros, i.e. 330 million dinars, devoted to supporting measures aimed at alleviating the repercussions of the Covid-19 pandemic, and at re-boosting economic activity, through the contribution to activating the reforms decided recently by the Tunisian government.

Samir Saïed valued the continuous support of the European Union to Tunisia, particularly over the last decade, which reinforces its place as a strategic partner of the country. “Cooperation between the two parties has undergone a significant development since 2011, either in terms of the volume of financial and technical support or at the level of the sectors concerned”, he underlined.

The Minister of the Economy mentioned the main reforms approved, or which are under consideration, in particular, those inherent in the revitalization of the economy, and the improvement of the business and investment climate.

The government is determined to move forward to achieve a sustainable economic transition, and the consecration of the foundations of a healthy democratic transition, he said.

Marcus Cornaro affirmed the solidity of the partnership between the two parties, and the determination to consolidate it further. This financing aims to support Tunisia, in the face of the difficulties and fallout induced by the Covid-19 pandemic and the Russian war in Ukraine, on financial balances, particularly, in addition to the consolidation of the reforms decided for the recovery of the economy.

The European diplomat reiterated the commitment of the European Union to support Tunisia, so that it can gradually overcome the difficulties, and achieve an effective and sustainable democratic and economic transition.

European support for Tunisia during the year 2022 is estimated at 553 million euros, or the equivalent of 1830 million dinars, including the agreement signed today; this support is divided into 300 million euros as credit, and 253 million euros, as donations.