Clinton said that, pending congressional notification and approval, the US money would go directly to debt that Tunisia owes the World Bank and the African Development Bank, freeing Tunis to concentrate on its own priority programs and job creation.
“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,” Clinton said in a statement.
The US cash transfer comes alongside a sovereign loan guarantee now being negotiated between Washington and Tunis that aims to use $30 million from the United States to open up access to several hundred million dollars in new financing from international capital markets.
The United States has frequently cited Tunisia as a model for democratic change in the Middle East after a popular revolt forced autocratic leader Zine Al-Abidine Ben Ali to flee the country on Jan. 14, 2011, touching off a wave of political unrest across the Arab world.
The North African country has since calmly elected its own government, defying predictions it would descend into chaos, while Ben Ali’s secret police have been disbanded and the news media enjoy unprecedented freedoms.
The Obama administration announced plans last month to extend more than $800 million in economic assistance to countries swept up in the “Arab Spring” revolutions.
Officials said the bulk of this would be new money to support long-term economic, political and trade reforms for countries in transition such as Tunisia, Egypt and Yemen.
