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 Access

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

June 12, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

A consumption-led, timid recovery has increased macroeconomic vulnerabilities. Growth almost doubled to 1.9 percent in 2017, but record fiscal spending and strong credit growth, combined with dinar depreciation, pushed inflation to 7.1 percent in February 2018. The current account deficit widened to 10.1 percent of GDP over 2017 and reserve cover fell to 2.6 months of imports in early March 2018. Public and external debt finished 2017 at 71 percent and 80 percent of GDP, respectively. Discontent about economic conditions and the residual impact of several shocks—notably the 2015 terrorist attacks, political uncertainty, and spillovers from the Libyan conflict—continue to weigh on confidence and policy implementation.

Series:

Country Report No. 18/120

Subject:

English

Publication Date:

June 12, 2018

ISBN/ISSN:

9781484355442/1934-7685

Stock No:

1TUNEA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

136

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