The International Monetary Fund (IMF) says it will now pay its loan agreement with the Tunisian government.

The IMF Tunisia mission said late on Monday in Tunis it would pay out a $320 million second tranche of Tunisia’s loan programme after the country agreed to carry out reforms.

The loan programme was delayed from December because of a lack of progress in reforms to cut public spending and overhaul state finances demanded by Tunisia’s multilateral lenders. (Reuters