Tunisia: 2017 Article IV Consultation and Second Review Under the Extended Fund Facility, and Request for Waivers of Nonobservance of Performance Criteria, and Rephasing of Access

International Monetary Fund

No 2018/120, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights that Tunisia’s economic growth almost doubled to 1.9 percent in 2017, as confidence strengthened on the back of improved security and the unity government’s early progress with policy and reform implementation. Investment and exports remained sluggish, however. Growth is expected to reach 2.4 percent in 2018, helped by a good agricultural season and a pickup in manufacturing and tourism. The unemployment rate remains high at 15 percent. Trade data for early 2018 show an improvement in export performance, while import growth is slowing. This favorable trend is expected to continue throughout the remainder of the year, supported by a more favorable real exchange rate.

Keywords: ISCR; CR; authority; unity government; EFF arrangement; Tunisian authorities; dinar depreciation; authorities' resolve; Anti-money laundering and combating the financing of terrorism (AML/CFT); Credit; Inflation; Middle East; Global; Europe (search for similar items in EconPapers)
Pages: 136
Date: 2018-06-12
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