In a significant move to support Tunisia’s economic recovery, the European Union (EU) announced a €150 million financial aid package on Monday. This disbursement aims to bolster Tunisia’s efforts towards achieving financial stability and implementing crucial economic reforms, as the North African nation grapples with a financial crisis.
The EU’s commitment to Tunisia was reiterated by Ursula von der Leyen, President of the European Commission. “The EU continues its commitment alongside Tunisia,” she stated. “This €150 million disbursement is an important step forward as part of our agreement concluded last year and signifies positive progress in our strong partnership.”
This latest financial assistance builds upon the ongoing partnership between the EU and Tunisia. The €150 million is earmarked for the implementation of specific policy measures outlined in a Memorandum of Understanding (MoU) signed by both parties. These measures are designed to provide Tunisia with the necessary tools for achieving long-term economic stability and sustainable growth.
The financial crisis has underscored the urgency of economic reforms in Tunisia. The EU’s aid package is intended to equip Tunisia with the resources needed to navigate current economic challenges and successfully implement these reforms. This assistance is expected to contribute to a more stable and prosperous future for Tunisia and its citizens.