IMF Staff Country Reports

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Publisher:: International Monetary Fund
ISSN:: 1934-7685

The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.

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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

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Journal Issue

Volume/Issue:: 2017/203
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund. Middle East and Central Asia Dept.
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: July 2017
DOI:: http://dx.doi.org/10.5089/9781484308653.002
ISBN:: 9781484308653
ISSN:: 1934-7685
Page:: 93

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.

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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

IMF Staff Country Reports

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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

Table of contents