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
... continue throughout the remainder of the year, supported by a more favorable real exchange rate. International reserves declined to 2.5 months of imports in March 2018, including due to higherthan-programmed central bank foreign ...
... continue throughout the remainder of the year, supported by a more favorable real exchange rate. International reserves declined to 2.5 months of imports in March 2018, including due to higherthan-programmed central bank foreign ...
Pagina 1
... continue to weigh on confidence and policy implementation. Program performance has been weak, despite recent implementation progress. The authorities are implementing a deficit-reducing budget for 2018 with strong revenue measures ...
... continue to weigh on confidence and policy implementation. Program performance has been weak, despite recent implementation progress. The authorities are implementing a deficit-reducing budget for 2018 with strong revenue measures ...
Pagina 9
... continue to improve with the implementation of strong policies (Text Table 1). • The recovery is expected to continue in 2018 and over the medium term (MEFP ¶14). Growth is projected to strengthen to 2.4 percent in 2018. A pick-up in ...
... continue to improve with the implementation of strong policies (Text Table 1). • The recovery is expected to continue in 2018 and over the medium term (MEFP ¶14). Growth is projected to strengthen to 2.4 percent in 2018. A pick-up in ...
Pagina 10
... external economic conditions, fiscal deficits would continue to increase as revenues from taxes and SOEs remain subdued while major spending categories (wage bill, energy subsidies, pensions, 10 INTERNATIONAL MONETARY FUND TUNISIA.
... external economic conditions, fiscal deficits would continue to increase as revenues from taxes and SOEs remain subdued while major spending categories (wage bill, energy subsidies, pensions, 10 INTERNATIONAL MONETARY FUND TUNISIA.
Pagina 11
... continue to grow in line with latest trends. Growth would remain lackluster as confidence remains depressed, unemployment rises, inflation shifts upward, and international reserves would continue to fall. By 2020, public and external ...
... continue to grow in line with latest trends. Growth would remain lackluster as confidence remains depressed, unemployment rises, inflation shifts upward, and international reserves would continue to fall. By 2020, public and external ...
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