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This paper discusses Tunisia’s First and Second Reviews Under the Stand-by Arrangement and Request for Waivers of Applicability and Nonobservance of Performance Criteria. Program performance has been mixed. A weak budget composition, lower budget commitments, and deferred cash payments to...
Persistent link: https://www.econbiz.de/10011244533
.1 billion, has been disbursed. Background. Tunisia is completing a successful political transition to democracy while navigating …
Persistent link: https://www.econbiz.de/10011244790
EXECUTIVE SUMMARY Context. On June 7, 2013, the Executive Board approved a 24-month Stand-By Arrangement in an amount equivalent to 400 percent of quota (SDR 1.146 billion or about $1.75 billion). To date, SDR 573 million equivalent to $877 million has been disbursed. The pillars of the program...
Persistent link: https://www.econbiz.de/10011245045
EXECUTIVE SUMMARY Context. On June 7, 2013, the Executive Board approved a 24-month SBA in an amount equivalent to 400 percent of quota (SDR 1.15 billion or about $1.75 billion). To date, SDR 427.92 equivalent to $659 million has been disbursed. The pillars of the program are to: (i) achieve...
Persistent link: https://www.econbiz.de/10011242626
Tunisia’s macroeconomic situation has recovered from the post-revolution trough, but fiscal and external buffers have been eroded. Prudent management of monetary policy is crucial for short-term macroeconomic stabilization goals and to build external buffers. The challenges arise from...
Persistent link: https://www.econbiz.de/10011243674
The Central Bank of Tunisia's (CBT) liquidity support contributed to rapid credit growth in Tunisia and an uptick in … tests indicate that the banking sector may face large recapitalization needs. Improving financial intermediation efficiency …
Persistent link: https://www.econbiz.de/10011244023
Over the last two decades, Tunisia has carried out a wide ranging reform program based on improving the competitiveness … of the economy, enhancing the business environment, and increasing trade openness. Tunisia weathered the international … crisis relatively well. Tunisia growth could reach 3.8 percent in 2010 if global growth recovers as expected. Prudent fiscal …
Persistent link: https://www.econbiz.de/10014405911
transparency of monetary policy, banking supervision, and securities market regulation for Tunisia. The assessment reveals that … Tunisia has already achieved a considerable degree of transparency in fiscal management. Further improvements in data …
Persistent link: https://www.econbiz.de/10014410938
This 2008 Article IV Consultation highlights that Tunisia’s sound economic policies and pragmatic approach to …
Persistent link: https://www.econbiz.de/10014403559
This 1999 Article IV Consultation highlights that despite a contraction of agricultural production, Tunisia’s GDP grew … by 5 percent in 1998. Gross fixed capital formation (27.5 percent of GDP), notably in Tunisia’s traditional and new …
Persistent link: https://www.econbiz.de/10014397337