|
|
Article: TUNISIA Weekly Highlights - Apr 13-17, 2009.
- Article from:
- ADP News Middle East & Africa
- Article date:
- April 17, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
(ADP News) - The African Development Bank (AfDB) has granted Tunisia a loan of USD 250 million (EUR 191m) to boost growth and employment in the country.
The loan will support Tunisia's programme to reduce transaction costs, deepen trade integration, improve business climate and boost the financial sector in order to ease financing for companies.
***
Tunisia cut its economic growth guidance for 2009 to 4.5% from 5% due to the global recession and lack of visibility.
Finance Minister Mohamed Rachid Kchich confirmed the forecast for 3.5% budget deficit.
***
Tunisian pharmaceutical company Adwya (TUN:ADWYA) saw its ...