August 30, 2014 / 8:24 AM / 5 years ago

IMF approves $217 mln loan disbursement to Tunisia

The International Monetary Fund (IMF) logo is seen at the IMF headquarters building. In file photo REUTERS/Yuri Gripas

WASHINGTON (Reuters) - The International Monetary Fund said on Friday it had completed a review of its loan program for Tunisia, clearing the way for disbursement of about $217.5 million.

The latest disbursement brings the total funds released under the program to about $1.1 billion, the IMF said.

The Fund agreed last year to support Tunisia with a two-year credit worth about $1.74 billion. In exchange, Tunisia agreed to follow certain economic polices, such as keeping its deficit under control and making the foreign exchange market more flexible.

The IMF said Tunisia has complied with all the conditions of the program so far, including structural reforms, despite a difficult economic situation, with high unemployment and rising imbalances.

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