US Guarantees $500Mln Bond to Support Tunisia’s Democratic Transition

The United States guaranteed a bond issued by the Tunisian government worth half a billion dollars to help Tunis implement democratic and economic reforms, the US Department of State said in a press release on Friday.

WASHINGTON (Sputnik) – This loan guarantee, the release noted, underscores US commitment to help Tunisia advance in its transition to democracy.

“Today, the Republic of Tunisia successfully closed on its offering of a $500 million sovereign bond issuance guaranteed by the United States of America,” the release stated.

The loan also supports Tunisia’s economic reforms, the release added, which will provide a foundation for robust economic growth and further the country’s ability to access global capital markets.