Tunisia expects $750 million in World Bank, IMF loans soon, plans sukuk issue


  • World
  • Monday, 28 Oct 2013

TUNIS (Reuters) - Tunisia expects $750 million in loans from the World Bank and International Monetary Fund by the end of 2013 to prop up its fragile public finances and plans an Islamic bond issue early next year, it said on Monday.

Finance Minister Elyess Fakhfakh told reporters that the economy grew by 3 percent in the first nine months of this year from a year earlier and the government now expected a budget deficit of 6.8 percent of GDP for 2013, smaller than its previous forecast of 7.4 percent.

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