Al-Jadaan: The support directly contributes to opening new financing channels for Tunisia
Dubai – Al Arabiya.net
Posted on: July 20, 2023: 04:15 PM GST Last updated: July 20, 2023: 06:11 PM GST
Today, Thursday, in Tunisia, the Saudi Minister of Finance, Muhammad bin Abdullah Al-Jadaan, and the Tunisian Minister of Finance, Siham Al-Boughdiri, signed an agreement to provide a soft loan in the amount of 400 million dollars, and a memorandum of understanding to provide a grant in the amount of 100 million dollars, in implementation of the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. And Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.
The Saudi Minister of Finance said that the signing of the agreement to provide the soft loan and the memorandum of understanding to provide the grant is an affirmation of the depth and strength of the fraternal relations that bind the leaderships of the two brotherly countries, and a continuation of the Kingdom’s tireless efforts and its pioneering role in supporting the Arab and Islamic countries in development and economic development.
He added that these agreements are part of the Kingdom’s efforts to support the stability and prosperity of the Tunisian economy, quoting the Saudi Press Agency, “SPA”.
He pointed out that the Kingdom continues to strengthen cooperation in various fields with the Republic of Tunisia, stressing that the soft loan and grant are an extension of the Kingdom’s previous efforts, the latest of which was providing a cash loan to the country’s public treasury current account with the Central Bank of Tunisia at a value of $500 million in 2019.
He added, “This support contributes directly to opening new financing channels for Tunisia from friendly and brotherly countries and regional and international financial institutions.”
Talks about a $1.9 billion International Monetary Fund (IMF) loan for Tunisia have stalled since October after President Kais Saied rejected conditions including cutting subsidies and lowering the public sector wage bill.
2023-07-20 12:15:00
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