According to the European Union’s official website, the European Commission disbursed €300 million in Macro-Financial Assistance (MFA) to Tunisia on Wednesday.

This is Tunisia’s second and final payment under the COVID-19 MFA programme, which was approved in order to mitigate the impact on the economy of the coronavirus pandemic and improve macroeconomic stability.

The very first instalment in the series of €300 million was disbursed in June of 2021 after the deal on Macro-Financial Assistance was ratified by the Tunisian Parliament.

This emergency assistance programme has disbursed €600 million in loans over the last year.

Tunisia will receive these emergency funds in the form of long-term loans with extremely favourable terms. They will assist Tunisia in improving its trade balance and fiscal situation, as well as in implementing critical economic reforms.

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