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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Pagina
... assets, the primary fiscal deficit, and current primary spending; and the non-observance of the continuous performance criterion on imposing or intensifying restrictions on the making of payments and transfers for current international ...
... assets, the primary fiscal deficit, and current primary spending; and the non-observance of the continuous performance criterion on imposing or intensifying restrictions on the making of payments and transfers for current international ...
Pagina 5
... Assets NEER Nominal Effective Exchange Rate NFA Net Foreign Assets NIR Net International Reserves NPL Non-Performing Loan Organization for Economic Cooperation and Development OECD OED Office of the Executive Director OPL Other ...
... Assets NEER Nominal Effective Exchange Rate NFA Net Foreign Assets NIR Net International Reserves NPL Non-Performing Loan Organization for Economic Cooperation and Development OECD OED Office of the Executive Director OPL Other ...
Pagina 8
... asset (NFA) outflows from the financial system in 2017 of about TD 3 billion that drained dinar liquidity. In response to these preoccupying trends, the Central Bank of Tunisia (CBT) widened its interest rate corridor from 50 basis ...
... asset (NFA) outflows from the financial system in 2017 of about TD 3 billion that drained dinar liquidity. In response to these preoccupying trends, the Central Bank of Tunisia (CBT) widened its interest rate corridor from 50 basis ...
Pagina 9
... assets (NDA) was missed by a large margin as the low interest rate cost and a persistent lack of bank liquidity triggered record-level CBT refinancing operations. • Structural Benchmarks (SBs). The authorities only met two of the 14 ...
... assets (NDA) was missed by a large margin as the low interest rate cost and a persistent lack of bank liquidity triggered record-level CBT refinancing operations. • Structural Benchmarks (SBs). The authorities only met two of the 14 ...
Pagina 17
... assets with staff on a monthly basis. At the same time, the CBT cautioned that it would take three to four months for credit to react to interest rate changes, and still more time to see the full impact on inflation. Furthermore, the ...
... assets with staff on a monthly basis. At the same time, the CBT cautioned that it would take three to four months for credit to react to interest rate changes, and still more time to see the full impact on inflation. Furthermore, the ...
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