Tunisia: 2012 Article IV Consultation; Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia

September 4, 2012

Preview Citation

Format: Chicago

Tunisia: 2012 Article IV Consultation; Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia, (USA: International Monetary Fund, 2012) accessed September 18, 2024

Also available in: français

Summary

This 2012 Article IV Consultation highlights that Tunisia experienced a severe recession in 2011 amid domestic and regional turmoil. Real GDP contracted by 1.8 percent, reflecting a sharp decline in tourism and foreign direct inflows. As a result of the economic downturn and the return of Tunisian workers from Libya, unemployment soared to 19 percent in 2011, with youth unemployment at 42 percent. Tunisia’s medium-term economic growth potential remains favorable, but unleashing it requires a comprehensive package of structural reforms to foster private investment.

Subject: Expenditure, Fiscal policy, Fiscal stimulus, Imports, Public debt, Public investment and public-private partnerships (PPP), Public investment spending

Keywords: Authorities' intention, Authority, Banking system liquidity, CR, Europe, Exchange rate, Fiscal stimulus, Global, Government, ISCR, Liquidity injection, Public investment and public-private partnerships (PPP), Public investment spending, Tunisia, Tunisian authorities, Tunisian authority

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/255
Stock No:

1TUNEA2012002
ISBN:

9781475505832
ISSN:

1934-7685

Notes

Also available in French

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