Assistance to Tunisia

Press Statement
Hillary Rodham Clinton
Secretary of State
Washington, DC
March 29, 2012

I am pleased to announce today that pending Congressional notification and review, the United States will provide a $100 million cash transfer to the Government of Tunisia for short-term fiscal relief. This will go directly to debt that Tunisia owes the World Bank and African Development Bank, allowing the Government of Tunisia to instead use this money for its priority programs, accelerating economic growth and job creation.

This support would be in addition to the sovereign loan guarantee agreement currently being negotiated between the United States and the Government of Tunisia, which will use $30 million from the United States to open up access to several hundred million dollars in new financing from international capital markets for the Tunisian government.

As Tunisia progresses into the next phase of its historic democratic transition, the United States is working to help accelerate economic growth that benefits all, ensure that democracy delivers for the Tunisian people, and to help Tunisian businesses -- large and small -- become engines of job creation. We call on other partners in the international community to join us in supporting Tunisia and ensuring economic opportunities for more Tunisian people.

PRN: 2012/479