The European Commission, on behalf of the EU, on Wednesday, disbursed €300 million in Macro-Financial Assistance (MFA) to Tunisia, said the European Union on its official website

This is the second and last disbursement under the COVID-19 MFA program to Tunisia, approved to mitigate the economic fallout of the coronavirus pandemic and enhance macroeconomic stability.

The first instalment of €300 million was disbursed in June 2021 after ratification by the Tunisian Parliament of the agreement on Macro-Financial Assistance.

In total, €600 million in loans have been disbursed under this emergency support program over the past year.

These emergency funds are being provided to Tunisia in the form of long-term loans on highly favorable conditions. They will contribute to alleviating Tunisia's balance of payments and budgetary situation, while supporting the implementation of key economic reforms.