World Bank Plans To Lend Tunisia $1 Billion Per Year For The Next Five Years

The World Bank has announced it is planing to lend Tunisia $5 billion over five years to support the country’s democratic transition and revive its economy. The North African country is struggling with low tourism revenue after Islamist militant attacks last year, protests over unemployment and slow progress on economic reforms since the 2011 uprising.

The country’s economy has dipped since the 2011 revolt against autocrat Zine El-Abidine Ben Ali, which sparked the Arab Spring revolutions across North Africa and the Middle East. The country’s tourism industry accounts for 7 percent of gross domestic product. For more on this story, follow this link.