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TUNIS Nov 30 The African Development Bank
(AFDB) will lend Tunisia between 1.5 billion euros and 2 billion
euros ($1.6 bln-$2.1 bln) over the next five years, the bank's
North Africa director Jacob Kolster said on Wednesday.
Kolster announced the loan at an investment conference in
Tunis at which regional and Western partners have pledged
billions in financial assistance to shore up Tunisia's economy.
"The AFDB will remain in Tunisia and will continue to
support Tunisia," Kolster said as he announced the deal.
Tunisia is seeking financial support and foreign investment
as it struggles with weak growth, high levels of unemployment
and a large fiscal deficit.
"This major announcement by the AFDB comes after several
months of negotiations," said Fadhel Abdelkefi, Tunisia's
On Tuesday, Tunisia received pledges including $1.25 billion
in aid from Qatar, and loans of 2.9 billion euros ($3.1 billion)
from the European Investment Bank and $1.5 billion from the Arab
Fund for Economic and Social Development.
Tunisia's government is pushing measures in its 2017 draft
budget aimed at cutting public spending and raising new revenue
to reduce the deficit, but is facing resistance from unions over
(Reporting by Tarek Amara; Writing by Aidan Lewis; Editing by