Sunday, 7 July 2013

Saudi Gazette - France to turn Tunisia debt into development

"France’s president proposed Friday taking at least some of Tunisia’s 1 billion euros ($1.3 billion) in debt to his country and using it for development projects.

President Francois Hollande also said France will supply Tunisia with “material” to fight terrorism, but did not elaborate.

Tunisia, the birthplace of the Arab Spring pro-democracy movement, has been hard hit economically since the revolution and has been forced to borrow from the International Monetary Fund. At the same time, security forces have been trying for several months to root out armed insurgents in a mountain area near the Algerian border. Tunisia is also vulnerable on its border with Libya, where weapons are smuggled into the country."

'via Blog this'

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