Libya to provide Tunisia with a loan of half a billion dollars

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Libya to provide Tunisia with a loan of half a billion dollars

November 20, 2021 - 20:44
Written by: RabiaGolden

Both Libya and Saudi Arabia have aired their intentions to grant Tunisia a loan of $500 million each, with reasonable interest rates, in order to assist it to overcome the crippling economic crisis presently experienced in the country in light of the continuing political impasse, according to the news website “Tunisie Numerique.”

The website quoted a Tunisian source early on Saturday as saying that the interest rates for both loans range between 6 to 7%, a more reasonable arrangement from the proposed 13% originally discussed, in light of the country’s need for liquidity to finance the economy and the state budget.

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