IMF releases $257mln for Tunisia

Washington: The International Monetary Fund on Friday released an additional $257 million in funds for Tunisia as part of its four-year, $3 billion loan agreement.

The IMF board approved the second review of the country´s economic performance under the financial aid package that was initially approved in May 2016.

With the latest instalment the IMF has lent the country nearly $1 billion, even though the board acknowledged the government had failed to meet some of its economic benchmarks.

The fund said Tunisia´s "growth-friendly and socially-conscious reforms will help stabilize public debt," while "continued monetary tightening and greater exchange rate flexibility help contain inflation, improve competitiveness, and rebuild international reserves."