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African Development Bank gives Tunis ${esc.dollar}500 mln loan

by Reuters
Friday, 10 June 2011 20:14 GMT

TUNIS, June 10 (Reuters) - The African Development Bank (AFDB) on Friday said it had approved a ${esc.dollar}500 million loan for Tunisia to support its budget.

AFDB President Donald Kaberuka said in a statement there was an additional ${esc.dollar}500 million in the pipeline which he hoped would be in place by the end of the year. (Reporting by Tarek Amara; writing by John Irish; Editing by Andrew Heavens)

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