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    <title>Business Recorder - News</title>
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    <pubDate>Thu, 13 Aug 2026 11:16:14 +0500</pubDate>
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      <title>AfDB lend Tunisia $1.2billion for recovery</title>
      <link>https://www.brecorder.com/news/9120/afdb-lend-tunisia-12billion-for-recovery</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/mar/afd.404.jpg" width="400" height="321" /&gt;ADDIS ABABA&lt;span style="font-size: 10pt;"&gt;: The African Development Bank (AfDB) said on Monday it will lend &lt;/span&gt;Tunisia&lt;span style="font-size: 10pt;"&gt; $1.2 billion to aid the North African country's recovery from January's political turmoil and is considering a similar loan for &lt;/span&gt;Egypt&lt;span style="font-size: 10pt;"&gt;.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Tunisia&lt;span style="font-size: 10pt;"&gt; has been struggling to restore stability since the departure of President Ben Ali following weeks of unrest that triggered uprisings across &lt;/span&gt;North Africa&lt;span style="font-size: 10pt;"&gt; and the &lt;/span&gt;Middle East&lt;span style="font-size: 10pt;"&gt;.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;"We are all set to commit to &lt;/span&gt;Tunisia&lt;span style="font-size: 10pt;"&gt; close to $1.2 billion to help their country recover," AfDB President Donald Kaberuka told a meeting of African finance ministers in the Ethiopian capital &lt;/span&gt;Addis Ababa&lt;span style="font-size: 10pt;"&gt;.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;"We are in discussions with Egyptian authorities and we will be doing so for other countries in the region."&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;Kaberuka gave no more details.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;Economic analysts are worried about the impact the upheaval in &lt;/span&gt;North Africa&lt;span style="font-size: 10pt;"&gt; may have on several of the region's economies.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;"We are revising our growth projections for &lt;/span&gt;North Africa&lt;span style="font-size: 10pt;"&gt; because the economies are still reeling in the aftermath of the revolutions," Kaberuka said.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;                              &lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright Reuters, 2011&lt;/b&gt;&lt;/i&gt;&lt;br /&gt;&lt;/center&gt;&lt;/span&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/mar/afd.404.jpg" width="400" height="321" />ADDIS ABABA<span style="font-size: 10pt;">: The African Development Bank (AfDB) said on Monday it will lend </span>Tunisia<span style="font-size: 10pt;"> $1.2 billion to aid the North African country's recovery from January's political turmoil and is considering a similar loan for </span>Egypt<span style="font-size: 10pt;">.</span></p>
<p class="MsoPlainText">Tunisia<span style="font-size: 10pt;"> has been struggling to restore stability since the departure of President Ben Ali following weeks of unrest that triggered uprisings across </span>North Africa<span style="font-size: 10pt;"> and the </span>Middle East<span style="font-size: 10pt;">.</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">"We are all set to commit to </span>Tunisia<span style="font-size: 10pt;"> close to $1.2 billion to help their country recover," AfDB President Donald Kaberuka told a meeting of African finance ministers in the Ethiopian capital </span>Addis Ababa<span style="font-size: 10pt;">.</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">"We are in discussions with Egyptian authorities and we will be doing so for other countries in the region."</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">Kaberuka gave no more details.</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">Economic analysts are worried about the impact the upheaval in </span>North Africa<span style="font-size: 10pt;"> may have on several of the region's economies.</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">"We are revising our growth projections for </span>North Africa<span style="font-size: 10pt;"> because the economies are still reeling in the aftermath of the revolutions," Kaberuka said.</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">                              <Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></span></p>
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      <guid>https://www.brecorder.com/news/9120</guid>
      <pubDate>Mon, 28 Mar 2011 16:38:31 +0500</pubDate>
      <author>none@none.com (Muhammad Iqbal)</author>
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