US guarantees $500mm bond to support Tunisia’s democratic transition

Aug 06, 2016 12:00 AM

The United States guaranteed a bond issued by the Tunisian government worth half a billion dollars to help Tunis implement democratic and economic reforms, the US Department of State said in a press release on Friday.

his loan guarantee, the release noted, underscores US commitment to help Tunisia advance in its transition to democracy.

“Today, the Republic of Tunisia successfully closed on its offering of a $500 million sovereign bond issuance guaranteed by the United States of America,” the release stated.

The loan also supports Tunisia’s economic reforms, the release added, which will provide a foundation for robust economic growth and further the country’s ability to access global capital markets.

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