IMF agrees provisional loan deal with Tunisia

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Associated Press

Posted on April 20, 2013 at 10:00 AM

Updated Saturday, Apr 20 at 1:34 PM

TUNIS, Tunisia (AP) — The International Monetary Fund says it has reached a provisional agreement on a $1.75 billion loan package for Tunisia that it says will strengthen the North African country's economic stability and promote growth.

The IMF said in a statement Friday the agreement will also support Tunisian authorities' reform program promoting private investment, job creation and social policies aimed at reducing economic and regional disparities.

The deal must still be approved by the IMF's executive board, which is expected to discuss the issue in May.

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