Last updateDim, 25 Jan 2015 12pm

Economy: IMF approves US$506.7 million for Tunisia

International Monetary Fund - The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of an amount equivalent to Special Drawing Right (SDR) of 329.1 million (about US$506.7 million) for Tunisia.

A brief IMF statement, made available to PANA in New York, on Thursday, stated that the approval followed the completion of the first and second reviews of Tunisia's economic performance under a two-year programme supported by a Stand-By Arrangement (SBA).

The completion of the reviews brought the total disbursements to SDR 427.9 million (about US$658.8 million).

It recalled that the 24-month SBA in the amount of SDR 1.146 billion (about US$1.76 billion), or 400 per cent of Tunisia’s quota at the IMF, was approved by the Board on 7 June 2013.

Pana 31/01/2014