Tunisia to receive $335 million in aid from the United States

The aid will be financed by the US Agency for International Development (USAID)
Tunisia to receive $335 million in aid from the United States

The United States has agreed to give Tunisia financial aid worth $335 million over five years, to support its democratic transition. 

The aid will be financed by the US Agency for International Development (USAID). 

“Aid will fund projects that encourage private initiative, create new employment opportunities for young people, and improve governance towards supporting a democratic transition,” the Tunisian Development and International Cooperation‮ ‬Ministry said in a statement.

Tunisia was the spark of the Arab Spring revolts that toppled a number of authoritarian regimes around North Africa and the Middle East. 

Only in Tunisia, however, did a peaceful transition to democracy follow, but the country remains caught in an economic crisis that has bred discontent especially among young people. 

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Unemployment stands at about 15%, up from 12% in 2010, due to weak growth, low investment, and high inflation, which was 6.5% last month.

Impatience is rising among lending institutions such as the International Monetary Fund that have helped keep Tunisia afloat and are pressing for economic reforms.


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