The European Union announced Wednesday it adopted a financial assistance package worth €305 million to Tunisia, which is the highest amount ever allocated under the European Neighborhood Instrument. The funds will assist the North African country create jobs for youth, close gaps among local communities, promote entrepreneurship and improve living conditions. “Support to actions that will bring economic growth and provide more job opportunities is a top priority in our newly adopted assistance to Tunisia, worth €305 million, the highest amount ever for a single year,” said Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations. “The adopted programs will facilitate access to the job market for young Tunisians, boost entrepreneurial innovation and ensure that local communities are not left behind,” he added. After the revolution, the country slid into economic crisis that forced the government to subscript for loans from international financial donors conditioned by austerity measure.

Source: The North Africa Journal January 24, 2019 12:56 UTC