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 AccessInternational Monetary Fund, 12 jun 2018 - 136 pagina's 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. |
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... amount equivalent to SDR 176.7824 million (about US$257.3 million), bringing total disbursements under the arrangement to the equivalent of SDR 631.3661 million (about US$919 million). In completing the review, the Executive Board ...
... amount equivalent to SDR 176.7824 million (about US$257.3 million), bringing total disbursements under the arrangement to the equivalent of SDR 631.3661 million (about US$919 million). In completing the review, the Executive Board ...
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... amount of SDR 2.045625 billion (about US$2.98 billion, 375 percent of Tunisia's quota) was approved by the Executive Board on May 20, 2016 (see Press Release No. 16/238). The government's reform program supported by the EFF aims at ...
... amount of SDR 2.045625 billion (about US$2.98 billion, 375 percent of Tunisia's quota) was approved by the Executive Board on May 20, 2016 (see Press Release No. 16/238). The government's reform program supported by the EFF aims at ...
Pagina 16
... amounts of treasury bills with attractive, risk-free yields and increased credit to firms and households at a rate of 13 percent in 2017, well above nominal GDP. This has contributed to fueling inflation and—via import demand—a higher ...
... amounts of treasury bills with attractive, risk-free yields and increased credit to firms and households at a rate of 13 percent in 2017, well above nominal GDP. This has contributed to fueling inflation and—via import demand—a higher ...
Pagina 21
... amounts. 4 As defined under the program, social expenditures consist of social transfers and programs as well as key ministries' capital expenditures. • The social safety net remains poorly targeted, largely regressive, INTERNATIONAL ...
... amounts. 4 As defined under the program, social expenditures consist of social transfers and programs as well as key ministries' capital expenditures. • The social safety net remains poorly targeted, largely regressive, INTERNATIONAL ...
Pagina 44
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Inhoudsopgave
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PROGRAM ISSUES AND MODALITIES _________________________________________________________ | 28 |
Recent Economic Developments 200717 | 34 |
Challenges of Fiscal Consolidation in MENA Oil Importers | 40 |
Central Government Fiscal Operations 201518 In millions of dinars ________________________ 5 Central Government Fiscal Operations 201523 ... | 47 |
Public Debt Sustainability Analysis | 53 |
External Debt Sustainability Analysis | 61 |
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Veelvoorkomende woorden en zinsdelen
addition adjustment adoption agreed amount assessment assets authorities average balance basis better budget capital cash Central Bank central government committed continue contribution current account current account deficit debt December deficit depreciation Development dinar domestic economic effective efforts energy established exchange rate expected expenditures exports external external debt Figure fiscal foreign framework funds further grants Gross growth higher IMF staff impact implementation imports improve increase Indicative inflation institutions interest investment limits liquidity loans March measures MEFP million monetary policy operations payments pension percent of GDP performance primary production progress Proj projections recent recovery reduce reforms remain require reserves Review risks sector Shock social Source spending stability staff strategy strengthen strong structural subsidies sustainability Table term Text transfers Tunisia vulnerable wage