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International Relations, PUBLICATIONS

Further macro-financial aid to Tunisia [EU Legislation in Progress]

Written by Krisztina Binder (2nd edition),

Further macro-financial aid to Tunisia

© ISTANBUL2009 / Fotolia

The Tunisian economy has faced serious difficulties since the 2011 revolution. In 2015, the economic situation was significantly affected by the terrorist attacks and production disruption, exacerbating the country’s already weak fiscal and balance-ofpayments position and resulting in sizeable financing needs. As part of the EU’s commitment to supporting the consolidation of democratic mechanisms in the country, the European Commission proposed to grant macro-financial assistance (MFA) to Tunisia for a second time, amounting to a maximum of €500 million. The regulation follows the first grant of MFA, of €300 million, approved in 2014, the last tranche of which is expected to be disbursed in the course of 2016. The EU’s aid will complement the International Monetary Fund’s new programme of about US$2.9 billion, focusing on stronger and more inclusive growth and job creation.

Versions

 

Proposal for a decision of the European Parliament and of the Council providing further macro-financial assistance to Tunisia
 

Committee responsible:

Rapporteur:

 

 

Shaddow rapporteurs:

 

 

 

International Trade (INTA)

Marielle de Sarnez (ALDE, France)

Salvatore Cicu (EPP, Italy), Emmanuel Maurel (S&D, France), Sander Loones (ECR, Belgium), Patrick Le Hyaric (GUE/NGL, France), Yannick Jadot (Greens/EFA, France), Fabio Massimo Castaldo (EFDD, Italy), Edouard Ferrand (ENF, France)

COM(2016) 67 of 12.2.2016

procedure ref.: 2016/0039(COD)

Ordinary legislative procedure (Parliament and Council on equal footing – formerly ‘co-decision’)

Next steps expected: Decision (EU) No 2016/1112
OJ L 186, 09.07.2016, p. 1

Stage: Adoption

 

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