Office of the Spokesperson
Department of State
Washington, DC
June 3, 2016
Today, Tunisia signed a loan guarantee agreement with the United
States that will allow Tunisia to access up to $500 million in
affordable financing from international capital markets, delivering on
President Obama’s discussions with Tunisian President Caid Essebsi in
May 2015. The loan guarantee underscores the United States’ enduring
commitment to the people of Tunisia and their democratic transition. It
is designed to support Tunisia as it pursues important economic reforms
that will provide the foundation for growth and prosperity, while also
furthering Tunisia’s ability to access global capital markets.
Today’s signing ceremony is evidence of the ongoing U.S. commitment
to help Tunisia build an economic foundation that supports sustainable
and inclusive economic and job growth, improves the Tunisian investment
climate, bolsters international confidence in the Tunisian market, and
supports expanding U.S.-Tunisian economic relations. It is also a
recognition that Tunisia continues to make progress towards meeting its
economic reform goals on behalf of its people.
This will be the third loan guarantee the United States will provide
to Tunisia. The earlier guarantees for $485 million in 2012 and $500
million in 2014 were successful in facilitating Tunisian access to
global capital markets. These loan guarantees are one component of
broader on-going U.S. support for Tunisia. Since 2011, the United States
has provided more than $750 million in other types of foreign
assistance to Tunisia.
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