Tuesday, November 27, 2012 4:00 pm
World Bank announces $500M loan for Tunisia
The Associated Press
The bank's statement late Tuesday said the loan "sends a clear signal" about the global financial institutions efforts to support Tunisia as it makes a transition to democracy.
Tunisians overthrew their dictator in January 2011, sparking off region-wide pro-democracy uprisings.
The loan will support reforms to remove red tape for investments, improved financial sector regulation, training programs for youth and increased government transparency.
Tunisia's economy shrank by 2 percent in 2011 after the uprising and is only recovering slowly, plagued by severe unemployment.