Tunisia: 2004 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia

International Monetary Fund

No 2004/359, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation states that the strength of the Tunisian economy continued in 2003, and the short-term outlook is favorable. Favorable agricultural production and robust nonenergy exports contributed to high growth and a narrowing of the external current account deficit in 2003. Monetary policy remains prudent and inflation under control. Greater exchange rate flexibility and the appreciation of the euro vis-à-vis the United State dollar have led to a depreciation of the dinar in real effective terms.

Keywords: ISCR; CR; Tunisia; fund; regime; liberalization; policy advice; phased approach; fund surveillance; banking sector indicator; CFT regime; short-term debt; record of transparency; Tunisia-fund relation; authorities' effort; Commercial banks; Nonperforming loans; Current account; Global; Europe; Maghreb; Middle East; Africa (search for similar items in EconPapers)
Pages: 60
Date: 2004-11-12
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