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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... increases in administrative prices. In response, the authorities widened the interest rate corridor to 200 basis points in January and increased the policy interest rate by 75 basis points to 5.75 percent in March. The current account ...
... increases in administrative prices. In response, the authorities widened the interest rate corridor to 200 basis points in January and increased the policy interest rate by 75 basis points to 5.75 percent in March. The current account ...
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... increased macroeconomic vulnerabilities. Noting weak program implementation and high risks to the program ... increase investment and social expenditure, they underscored that adjustment efforts should focus on increasing tax ...
... increased macroeconomic vulnerabilities. Noting weak program implementation and high risks to the program ... increase investment and social expenditure, they underscored that adjustment efforts should focus on increasing tax ...
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... increase in the policy interest rate. They underscored that further tightening of monetary policy will be necessary to reduce inflation. Directors stressed that reducing foreign exchange interventions and increasing exchange rate ...
... increase in the policy interest rate. They underscored that further tightening of monetary policy will be necessary to reduce inflation. Directors stressed that reducing foreign exchange interventions and increasing exchange rate ...
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... increase tax revenue in a fair way and reign in current spending to reduce debt and increase investment and social expenditure. The 2018 priorities are to strengthen tax collection, implement the voluntary separations for civil servants ...
... increase tax revenue in a fair way and reign in current spending to reduce debt and increase investment and social expenditure. The 2018 priorities are to strengthen tax collection, implement the voluntary separations for civil servants ...
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... increased near-term financing for social security. This should be followed by equitable and sustainable pension reforms. Finalizing the database of vulnerable households, which is critical for the targeting of social assistance, will ...
... increased near-term financing for social security. This should be followed by equitable and sustainable pension reforms. Finalizing the database of vulnerable households, which is critical for the targeting of social assistance, will ...
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