New technocratic government of Tunisia that is headed by the Prime Minister Mehdi Jomaa was sworn in on 29 January 2014. This ceremony has replaced the Islamist-led administration under an accord to end the political turmoil of the country. This government will also prepare for fresh elections.
The former transfer of the power was approved by 149 of the country’s 193 lawmakers. This transfer happened at the Presidential palace after a parliamentary session.
The new ministers of the country took oath of their offices in from of Moncef Marzouki, the President of Tunisia. This was made possible after the dominant Islamist party Ennahda agreed to surrender power of the government, which was formed in 2013. This agreement has also pulled-in the adoption of the new constitution that has been long delayed, which was adopted on 27 January 2014. The national assembly finally adopted a new constitution three years after the Arab Spring revolution. The Parliamentary and Presidential elections will be held by the end of 2014.
Apart from this, the International Monetary Fund that has supported the new government formation of Tunisia has released more than 500 million dollar support on 29 January 2014. Due to the political instability of the country, the finances of 1.76 billion dollar loan that was agreed in June 2013 were held. The funds included disbursement of 1.76 billion dollars and 506.7 billion dollars in two years. The given released loan is the second part of the loan deal reached in 2013.