Tunisia to get $250 million in loan guarantees from Japan
Published on: Tuesday 08 April 2014
Tunisia will get $250 million worth of loan guarantees from Japan before the summer, the country's finance minister said on Tuesday. Japan is the second country to back Tunisia's loans after the United States said last week it would provide a new loan guarantee worth about $500 million. Finance Minister Hakim Ben Hammouda declined to give further details on whether the guarantees were to be used for bond sales or to back other loans from international lenders. Tunisia plans to issue around $1.8 billion in new foreign bonds, including $500 million in Islamic bonds.
