Tunisia : First Review Under the Extended Fund Facility, Request for Waivers of NonObservance of Performance Criteria and Rephasing of Access-Press Release; Staff Report;and Statement by the Executive Director for Tunisia

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

July 10, 2017

Electronic Access:

Free Full Text (PDF file size is 3126 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

A fragile economy in a complex socio-political environment. Tunisia’s political transition advanced, but social discontent remains elevated. After almost stagnating over 2015–16, growth will pick up in 2017 to 2.3 percent helped by tourism and phosphates. Structural deficiencies, an overvalued real exchange rate and weak confidence after the 2015 attacks continue to weigh on investment. Exogenous shocks and policy slippages contributed to widen the current account deficit by more than 10 percent of GDP in the first quarter of 2017. The dinar depreciated by 23 percent in nominal effective terms since end-2015; this and a broad-based rise in prices led the Central Bank to increase its policy interest rate by 75 bps to 5 percent over the last month to contain inflation below 5 percent in 2017.

Series:

Country Report No. 17/203

Subject:

English

Publication Date:

July 10, 2017

ISBN/ISSN:

9781484308653/1934-7685

Stock No:

1TUNEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

93

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