$250 Million Dollar Loan

After an agreement made by "The World Bank's Board of executive directors" Tunisia was granted a $250 million dollar loan on April 3, 2009. This was lent to Tunisia to help increase the mixture and the competition of Tunisia’s economy. This was planned as a way to build Tunisia’s economy by creating more job opportunities and incorporating Tunisians economy into the market.

Because the “African Development Bank” and the “European Development Bank” finically supported this the loan should therefore the costs of trade transactions should reduce which will increase Tunisia’s “global economic integration”. Tunisia is in a budget deficit so this loan will hopefully stabilize the economic state. Mr. Mohamed Nouri Jouini, the Development and International Cooperation Minister and Mr. Mats Karlsson, the International Cooperation Minister signed this agreement.

"AllAfrica.com: Tunisia: Country Receives $250 Million Loan from World Bank to Boost Economic Competitiveness (Page 1 of 1)." AllAfrica.com: Home. 05 June 2009 .