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
... transfers for current international transactions. It also granted approval for the retention of an exchange restriction barring trade credit for certain non-essential imports until December 31, 2018. The four-year EFF arrangement in the ...
... transfers for current international transactions. It also granted approval for the retention of an exchange restriction barring trade credit for certain non-essential imports until December 31, 2018. The four-year EFF arrangement in the ...
Pagina 7
... transfers to the most vulnerable. These steps signal progress, but more efforts are urgently needed to stabilize the economy. 2. A fragile environment continues to weigh on the economy. Macroeconomic stability has been broadly ...
... transfers to the most vulnerable. These steps signal progress, but more efforts are urgently needed to stabilize the economy. 2. A fragile environment continues to weigh on the economy. Macroeconomic stability has been broadly ...
Pagina 13
... ; (2) implementation of the civil service reform; (3) reduced transfers to the pension funds (¶34; and MEFP ¶19); (4) liquidation of the Banque Franco-Tunisienne (BFT); and INTERNATIONAL MONETARY FUND 13 TUNISIA FIGURES 34.
... ; (2) implementation of the civil service reform; (3) reduced transfers to the pension funds (¶34; and MEFP ¶19); (4) liquidation of the Banque Franco-Tunisienne (BFT); and INTERNATIONAL MONETARY FUND 13 TUNISIA FIGURES 34.
Pagina 15
... transfers for vulnerable sectors adopted in January, and higher-than-budgeted nontax revenue from the CBT and energy firms). The authorities are committed to implement further price adjustments as needed to contain the energy budget to ...
... transfers for vulnerable sectors adopted in January, and higher-than-budgeted nontax revenue from the CBT and energy firms). The authorities are committed to implement further price adjustments as needed to contain the energy budget to ...
Pagina 19
... transfers for current international transactions without the Fund's approval, and the continuous PC under the EFF arrangement for Tunisia requires Tunisia not to impose or intensify restrictions on the making of payments and transfers ...
... transfers for current international transactions without the Fund's approval, and the continuous PC under the EFF arrangement for Tunisia requires Tunisia not to impose or intensify restrictions on the making of payments and transfers ...
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