Tunisia: 2003 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia
IMF Staff Country Reports, August 21, 2003
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- Tunisia: 2003 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia
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- Published: August 21, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451837803.002
Macroeconomic performance and social outcomes
- Tunisia showed strong economic performance, low inflation, and reduced poverty owing to its sound and transparent macroeconomic policies, trade liberalization, and social policies.
- Executive Directors commended this development.
- They stressed the need to tighten monetary and fiscal policies, and accelerate structural reforms.
Policy recommendations from Executive Directors
- Tighten monetary policy.
- Tighten fiscal policy.
- Accelerate structural reforms.
Financial sector and stability
- Executive Directors welcomed the banking sector reforms based on the Financial System Stability Assessment report.
- Follow-up emphasis on implementing FSSA recommendations to strengthen the financial system.
Trade liberalization and external relations
- Directors welcomed the liberalization achieved by Tunisia in the context of its Association Agreement with the European Union.
- Continued emphasis on policies supporting international trade liberalization.
Anti‑money laundering and counter‑terrorism financing
- Executive Directors urged the authorities to introduce legislation on anti-money laundering and combating the financing of terrorism.
Source: Tunisia: 2003 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia