.1 billion, has been disbursed. Background. Tunisia is completing a successful political transition to democracy while navigating …

The Central Bank of Tunisia's (CBT) liquidity support contributed to rapid credit growth in Tunisia and an uptick in …

This 2008 Article IV Consultation highlights that Tunisia’s sound economic policies and pragmatic approach to … structural reforms continue to bear fruit, as evidenced by strong growth and improved social indicators. Real GDP growth averaged … remain at 3 percent of GDP. The medium-term outlook remains favorable with growth projected at above 6 percent sustained by …

Tunisia’s reliance on European countries for export earnings, tourism, remittances, and foreign direct investment … inflows has remained high over the last decades. Remittances and tourism receipts have been broadly stable in percent of GDP … region. Tunisia’s annual growth rate appears to have become increasingly synchronized over time with the annual growth rate …

in Tunisia. It assesses the adequacy of current and projected reserves holdings in light of the country’s policy choices …. The paper describes recent trends in foreign exchange reserves in Tunisia. Econometric evidence on the determinants of the … demand for foreign reserves in Tunisia is presented. The results are used to forecast the desired level of reserves given …