World Bank Sets Loans for Tunisia |
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April 13, 2011
The World Bank is laying the groundwork for $500 million in development loans to Tunisia, the first step by international groups to support economic transitions in the Middle East with a mix of governance reforms and funding.
The World Bank is laying the groundwork for $500 million in development loans to Tunisia, the first step by international groups to support economic transitions in the Middle East with a mix of governance reforms and funding. The World Bank said Tuesday it was working with Tunisian officials to provide the loans, which it hopes will draw $700 million more from other groups as the country tries to overhaul its government and economy. The organization is also planning initiatives across the Middle East to retrain unemployed workers and support private-sector job creation as a first step toward building confidence in the new governments, World Bank President Robert Zoellick told reporters.
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