The European Union released Wednesday €300 million accounting for the second tranche of the bloc’s support for the North African country in surfing the impacts of the COVID-19 pandemic. Tunisia received the first tranche of the same amount, in June last year. The bloc last year rubber stamped a Macro-financial Assistance (MFA) program worth €600 million for Tunisia. The assistance in the form of loan is without interest and earmarked to support Tunisia’s economic reforms amid the pandemic. “The remaining funds will be disbursed based on Tunisia’s commitment to the reform process,” he added.

Source: The North Africa Journal May 26, 2022 18:01 UTC