The African Development Bank (ADB) on Friday pledged $500 million in international aid to Tunisia and said it was planning to give another $ 500 million by the end of the year. The ADB was "the first institution to put money on the table" instead of "promises" to support the democratic transition in the North African country, ADB President Donald Kaberuka said at its annual assembly in Lisbon. Tunisia is due to hold elections in October, according to a report of the German Press Agency "DPA". "The creation of jobs for young people must be the priority of the countries of North Africa," said Kaberuka. The ADB and Tunisian representatives signed an international aid agreement worth $500 million. The additional $500 million would be given to fund projects in areas such as infrastructure, water or the financial sector, Kaberuka said. The meeting in Lisbon brought together 77 countries and international institutions on Thursday and Friday.
