WASHINGTON (Sputnik) – Tunisia has signed a loan agreement with the United States worth up to $500 million, the State Department said in a press release on Friday.
"Tunisia signed a loan guarantee agreement with the United States that will allow Tunisia to access up to $500 million in affordable financing from international capital markets," the release stated.
The loan is aimed at supporting Tunisia as it pursues economic reforms and ensure the country’s ability to access global capital markets, the release noted.
"It is also a recognition that Tunisia continues to make progress towards meeting its economic reform goals," the State Department said.
The newly announced agreement will mark the third loan guarantee the United States has provided to Tunisia. In 2012, the guarantee amounted to $485 million, in 2014 it stood at $500 million.