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Tunisian economy continues to struggle

The Tunisian government just received another part of its loan from the International Monetary Fund and assures citizens it is taking appropriate measures to solve the country's economic crisis.
A man buys dollars  from a money changer on the black market in the capital Tunis, Tunisia August 24, 2017. REUTERS/Zoubeir Souissi - RC1CA2FB0820

TUNIS — More than any time in the country's past, Tunisia must now engage in reforms to ease the financial and economic strains affecting its trade and balance of payments, according to the governor of the Central Bank of Tunisia, Marouane el-Abassi.

The International Monetary Fund (IMF) this month approved the fourth tranche of its $2.8 billion loan to Tunisia, which was arranged in 2016. The $250 million payment brings IMF's total loans to Tunisia so far to approximately $1.14 billion. Speaking at a July 11 press conference in Tunis, Abassi said the country will focus on solving its own economic crisis rather than on participating in the international financial market.

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