{
  "title": "IMF Staff Statement on Tunisia",
  "publication": "IMF News, March 30, 2022",
  "sourceUrl": "https://www.imf.org/en/news/articles/2022/03/30/pr2298-imf-staff-statement-on-tunisia",
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  "summary": "Press Release No. 22/98",
  "publishDate": "2022-03-30",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Press Release No. 22/98\n- Date: March 30, 2022\n- Mission dates: March 23–25, 2022\n- Note: End-of-Mission press releases convey preliminary findings after a visit to a country. The views expressed are those of IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion."
    },
    {
      "heading": "Context and challenges identified by the mission",
      "content": "- Discussions covered the Tunisian authorities’ reform program and the impact of the war in Ukraine on Tunisia as it emerges from the pandemic.\n- Tunisia faces major structural challenges that result in:\n  - deep macroeconomic disequilibria,\n  - weak growth despite strong potential,\n  - a high unemployment rate,\n  - weak investment,\n  - social inequality.\n- The impact of the pandemic and the war in Ukraine are additional challenges compounding these structural problems."
    },
    {
      "heading": "Authorities’ program objectives (as described by the mission)",
      "content": "- Short-term: mitigate the impact of the war in Ukraine.\n- Medium-term: assure stronger, durable inclusive growth and social protection.\n- Program seeks to:\n  - create fiscal space for public investment,\n  - increase social protection."
    },
    {
      "heading": "IMF assessment and policy recommendations",
      "content": "- The IMF considers that a conscientious reduction of the fiscal deficit is necessary to restore macroeconomic stability. Recommended means include:\n  - equitable taxation reform,\n  - strict control over the public sector wage bill,\n  - better targeted subsidies,\n  - deep reforms of state-owned enterprises (to restore macroeconomic stability, improve efficiency of state-owned enterprises, and strengthen competitiveness).\n- Initiatives to enhance competition and the business climate are critical to unlock potential growth and job creation."
    },
    {
      "heading": "Mission engagement and stance",
      "content": "- The mission had constructive discussions with Tunisian officials, including:\n  - the Head of Government;\n  - the Ministers of Finance, of Economy and Planning, of Social Affairs, of Industry, Mining and Energy, and of Commerce;\n  - the Governor of the Central Bank of Tunisia.\n- The IMF reiterates support to Tunisia, noting prior support during the Covid-19 pandemic and ongoing technical progress in discussions with the Tunisian authorities."
    },
    {
      "heading": "Media contact",
      "content": "- IMF Communications Department, MEDIA RELATIONS\n- PRESS OFFICER: Randa Elnagar\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- Twitter: @IMFSpokesperson\n\nIMF Staff Statement on Tunisia, Press Release No. 22/98, March 30, 2022.\n\n---\n\n\n References\n\n- Tunisia and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2022/03/30/pr2298-imf-staff-statement-on-tunisia"
    }
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    "Published: March 30, 2022",
    "Press Release No. 22/98",
    "Date: March 30, 2022",
    "Mission dates: March 23–25, 2022",
    "Note: End-of-Mission press releases convey preliminary findings after a visit to a country. The views expressed are those of IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.",
    "Discussions covered the Tunisian authorities’ reform program and the impact of the war in Ukraine on Tunisia as it emerges from the pandemic.",
    "Tunisia faces major structural challenges that result in:",
    "The impact of the pandemic and the war in Ukraine are additional challenges compounding these structural problems.",
    "Short-term: mitigate the impact of the war in Ukraine.",
    "Medium-term: assure stronger, durable inclusive growth and social protection.",
    "Program seeks to:",
    "The IMF considers that a conscientious reduction of the fiscal deficit is necessary to restore macroeconomic stability. Recommended means include:",
    "Initiatives to enhance competition and the business climate are critical to unlock potential growth and job creation.",
    "The mission had constructive discussions with Tunisian officials, including:",
    "The IMF reiterates support to Tunisia, noting prior support during the Covid-19 pandemic and ongoing technical progress in discussions with the Tunisian authorities.",
    "IMF Communications Department, MEDIA RELATIONS",
    "PRESS OFFICER: Randa Elnagar",
    "Phone: +1 202 623-7100",
    "Email: MEDIA@IMF.org",
    "Twitter: @IMFSpokesperson",
    "[Tunisia and the IMF](http://www.imf.org/external/country/TUN/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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