U.S. granted $ 100 million to Tunisia to ease their tax burden
The U.S. government today announced the award of $ 100 million to Tunisia for the “short-term tax relief” in the country, trying to restructure the debt incurred during the regime of deposed Zine El Abedin Ben Ali.
“This transfer will go directly to the debt financing that Tunisia should the World Bank (WB) and African Development Bank (ADB),” has informed the Secretariat of State in a statement.
The grant will enable the Government of Tunisia devote a portion of the money he had reserved to refinance debt with multilateral institutions such “priority programs, acceleration of economic growth and job creation,” says Hillary Clinton, the head of the U.S. diplomacy.
The agreement will complement the loan guarantee that the United States is currently negotiating with Tunisia, which the country another 30 million dollars to “open the door to hundreds of thousands of dollars in new financing from international capital markets,” explains .
“As Tunisia moves to the next phase of its historic transition to democracy, the U.S. works to accelerate economic growth that benefits all” and secure democracy.
Tunisia’s debt equals 40 percent of its gross domestic product and the new central bank governor, Mustafa Kamel Nabli, has agreed to reimburse half from April. Most of the debt was incurred by the Ben Ali regime was ousted in January 2011.
Category: Mutual Funds
