Tunisia receives final tranche of $500mn Turkish loan

The Tunisian government has received $200 million from Turkey, the second and final tranche of a $500 million loan pledged by Ankara last year, Tunisian Foreign Minister Al-Mongey Hamdi said Tuesday.

The Tunisian government has received $200 million from Turkey, the second and final tranche of a $500 million loan pledged by Ankara last year, Tunisian Foreign Minister Al-Mongey Hamdi said Tuesday.

TUNIS - The Tunisian government has received $200 million from Turkey, the second and final tranche of a $500 million loan pledged by Ankara last year, Tunisian Foreign Minister Al-Mongey Hamdi said Tuesday.

Hamdi made the announcement at a joint press conference with Turkish counterpart Ahmet Davutoglu, who is currently visiting Tunisia to show Turkey's support for the newly-appointed cabinet of Prime Minister Mehdi Jomaa.

"The Tunisian Central Bank last week received the second $200 million tranche of the Turkish loan," Hamdi confirmed.

Last summer, Tunisia's National Constituent Assembly approved the loan, provided by the Turkish government to support the North African country's post-revolution democratic transition.

Of the total amount pledged by Turkey, $100 million will come in the form of a grant.

Tunisia's new government was sworn in late last month by President Moncef Marzouki.

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