IMF agrees in principle to $2.8 bn loan for Tunisia

Tunisia and the International Monetary Fund have agreed in principle on a new $2.8-billion (2.5-billion euro) loan, subject to approval by the IMF's executive board, the organisation announced Friday. While Tunisia is hailed as a political success story of the 2011 Arab Spring uprisings, authorities have failed to redress the economy, especially in the face of security threats. "Tunisian authorities and IMF staff have reached a staff-level agreement on a 48-month Extended Fund Facility (EFF) for