Tunisia: 2002 Article IV Consultation-Staff Report and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2002/122, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that the real GDP of Tunisia grew by 5 percent in 2001 compared with 4.7 percent in 2000, despite a contraction in agricultural output of 1.5 percent caused by a third consecutive year of drought. Activity was particularly robust in the mechanical–electrical industry, which grew by 14 percent, and the textile industry, which expanded by 12 percent. The authorities now face the challenge of reining in strong demand, which has put pressures on the external position and lowered foreign exchange reserves.

Keywords: ISCR; CR; state; monetary policy; privatization; price; liberalization; labor market; rate policy; short-term debt; exchange rate; debt service; foreign currency; trade restrictiveness index; Commercial banks; Exchange rate policy; Current account deficits; Maghreb; Global (search for similar items in EconPapers)
Pages: 57
Date: 2002-06-19
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