## 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

_IMF Staff Country Reports, June 12, 2018_

## Source details

**Canonical URL:** [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](https://www.imf.org/en/publications/cr/issues/2018/06/12/tunisia-2017-article-iv-consultation-and-second-review-under-the-extended-fund-facility-and-45877)

## Other formats

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## Bibliographic details
- Published: June 12, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484355442.002

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### Summary
- 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 in 2017.
- 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.
- The favorable trade trend is expected to continue throughout the remainder of 2018, supported by a more favorable real exchange rate.

### Economic performance and outlook
- 2017 growth: 1.9 percent.
- 2018 projected growth: 2.4 percent.
- Drivers of improvement: improved security; unity government’s early progress with policy and reform implementation; good agricultural season; pickup in manufacturing and tourism.
- Constraints noted: sluggish investment and exports in 2017.

### Labor market and external sector
- Unemployment rate: 15 percent.
- Early-2018 trade developments: improvement in export performance; slowing import growth.
- Exchange rate dynamics: a more favorable real exchange rate is cited as supporting improved trade performance.

### Subjects and keywords
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Credit, Crime, External debt, Inflation, Money, National accounts, Prices, Public debt.
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), authorities' resolve, authority, CR, Credit, dinar depreciation, EFF arrangement, Europe, Global, Inflation, ISCR, Middle East, Tunisian authorities, unity government.

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## Content in this bundle

- **Country Report**
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_Source: https://www.imf.org/en/publications/cr/issues/2018/06/12/tunisia-2017-article-iv-consultation-and-second-review-under-the-extended-fund-facility-and-45877_