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 5
... 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 Portfolio Liabilities PC ...
... 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 Portfolio Liabilities PC ...
Pagina 6
... Effective Exchange Rate SB Structural Benchmark SME Small- and Medium-Sized Enterprise SOE State-Owned Enterprise SPR Strategy, Policy, and Review Department STD Short-Term Debt STEG Société Tunisienne de L'Electricité et du Gaz STIR ...
... Effective Exchange Rate SB Structural Benchmark SME Small- and Medium-Sized Enterprise SOE State-Owned Enterprise SPR Strategy, Policy, and Review Department STD Short-Term Debt STEG Société Tunisienne de L'Electricité et du Gaz STIR ...
Pagina 18
... effective exchange rate (REER) was overvalued by 10–20 percent at end-2017 (Annex III). Exchange rate-based methodologies (assessing the discrepancy between the actual REER and the REER aligned with fundamentals) suggest a slightly ...
... effective exchange rate (REER) was overvalued by 10–20 percent at end-2017 (Annex III). Exchange rate-based methodologies (assessing the discrepancy between the actual REER and the REER aligned with fundamentals) suggest a slightly ...
Pagina 22
... pensioners in the 2018 budget and the efforts to review social spending classifications that will allow for a more effective tracking going forward. Staff encouraged the authorities to continue. 22 INTERNATIONAL MONETARY FUND TUNISIA.
... pensioners in the 2018 budget and the efforts to review social spending classifications that will allow for a more effective tracking going forward. Staff encouraged the authorities to continue. 22 INTERNATIONAL MONETARY FUND TUNISIA.
Pagina 23
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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