April 18, 2017 / 7:05 AM / 3 years ago

IMF says agrees to pay Tunisia's delayed loan tranche

A photographer takes pictures through a glass carrying the International Monetary Fund (IMF) logo during a news conference in Bucharest, file. REUTERS/Bogdan Cristel

TUNIS (Reuters) - The International Monetary Fund has agreed to pay out a $320 million second tranche of Tunisia’s loan programme after talks to agree on the government’s reform priorities, the IMF Tunisia mission chief said on Monday.

The portion of the $2.8 billion loan programme was delayed from December because of a lack of progress in reforms to cut public spending and overhaul state finances demanded by Tunisia’s multilateral lenders.

Reporting by Tarek Amara; writing by Patrick Markey

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