This 2017 Article IV Consultation highlights that Tunisia's 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...

The government has strengthened policy and reform implementation in recent months. All Quantitative Performance Criteria (QPCs) for end-March and three out of nine Structural Benchmarks (SBs) for the Third Review were met. One additional SB was implemented with delay. Growth picked up to 2.5...

This paper discusses Tunisia's Fourth Review Under the Extended Fund Facility (EFF) Arrangement and Request for Modification of Performance Criteria (PCs). The recovery has proceeded broadly as expected in the Third Review, notwithstanding elevated socio-political tensions and a further increase...

This paper identifies policies to increase productivity in the East, reduce regional income disparities, and promote overall income convergence. Achieving this objective will require improving educational attainment and reducing skill mismatches in the East, scaling up public infrastructure to...

This paper discusses Tunisia's First Review Under the Extended Fund Facility (EFF), Request for Waivers of Nonobservance of Performance Criteria and Rephasing of Access. Most quantitative performance criteria (QPCs) for end-December 2016 were missed and all structural benchmarks (SBs) through...

This paper presents an overview of the macroeconomic condition of Tunisia. Tunisia has managed to preserve macroeconomic stability and initiate fiscal and banking reforms in a context marked by a prolonged political transition, spillovers from the crisis in Libya, and numerous exogenous shocks,...

This paper discusses recent trends, constraints, and opportunities for the future of Tunisia's economy. Tunisia enjoyed solid GDP growth rates in the run-up to the revolution of 2011, driven by the manufacturing and service sectors. A stable macroeconomic environment and a gradual liberalization...