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Title: Commission approves disbursement of first tranche of second MFA to Tunisia
Author: [European Commission: DG Communication]
Series/Date: Press Release IP/17/3708 (09.10.17)
Source Origin: EU
Source Type: News
Notes: The European Commission approved on 9 October 2017 the disbursement of a €200 million loan to Tunisia, in the framework of its second Macro-Financial Assistance programme (MFA-II).
Source URL: http://europa.eu/rapid/press-release_IP-17-3708_en.htm
Homepage URL: http://europa.eu/rapid/search.htm
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Keywords: Relations between Tunisia and the European Union (EU) - Macro-Financial Assistance - MFA II | MFA-II - Tunisia: Economic situation
Subjects:  18.14.b - Maghreb countries
Geographic Indicators:  European Union
Background and further information:

This disbursement marked the launch of the MFA II programme, in which a total €500 million were scheduled to be transferred in three instalments in 2017 and 2018. It was proposed following the terrorist attacks of 2015, which contributed to halting Tunisia's economic recovery. This had a significant impact on the country's balance of payments position and financing needs. The programme was agreed by the Council and the European Parliament on 6 July 2016.

The second and third instalments of the MFA-II were tied to the implementation of a number of policy conditions targeting fiscal consolidation as well as the improvement of Tunisia's social assistance schemes and business climate.

The EU's strategy of assistance to Tunisia also includes budget support programmes under the European Neighbourhood Instrument (ENI), of which Tunisia is a major recipient among the Southern Neighbourhood countries, as well as substantial loans from the European Investment Bank.

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