TUNIS, 4th June, 2016 (WAM) — Tunisia has signed a $500 million loan guarantee agreement with the United States that will help it access international capital markets, the two countries said.

A US State Department statement said the agreement would “allow Tunisia to access up to $500 million in affordable financing from international capital markets.”

“It is designed to support Tunisia as it pursues important economic reforms that will provide the foundation for growth and prosperity, while also furthering Tunisia’s ability to access global capital markets,” it added.