Tunisia: 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia
IMF Staff Country Reports, June 12, 2006
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- Tunisia: 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia
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Bibliographic details
- Published: June 12, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451837872.002
Summary
- Tunisia showed excellent economic performance.
- Executive Directors commended:
- strong economic performance and resilience to adverse shocks,
- subdued inflation,
- strengthened reserves,
- increasing capital inflows.
- These outcomes were viewed as underscoring the benefits of sustained sound macroeconomic policies and market-oriented reforms.
- Most key recommendations of the 2002 Financial Sector Assessment Program (FSAP) were agreed to have been implemented.
- The partial privatization of Tunisie Télécom to retire external debt was welcomed.
- Completion of the Anti-Money Laundering and Combating Finance for Terrorism Report on the Observance of Standards was welcomed.
Economic performance and external sector
- Strong growth and resilience to adverse shocks were highlighted by Executive Directors.
- Subdued inflation was noted as a positive macroeconomic outcome.
- Reserves were characterized as strengthened.
- Increasing capital inflows were recorded and emphasized as beneficial.
Financial sector reforms and standards
- Agreement that most of the key recommendations of the 2002 FSAP have been implemented.
- The Anti-Money Laundering and Combating Finance for Terrorism Report on the Observance of Standards was completed and welcomed.
Structural reforms and privatization
- Partial privatization of Tunisie Télécom undertaken with the objective to retire external debt; this action was welcomed by Executive Directors.
Subject classifications and keywords (as listed)
- Subject: Economic sectors, Exchange rates, External debt, Foreign exchange, Imports, International trade, Privatization, Public debt
- Keywords: CR, debt, Europe, Exchange rates, fund staff estimate, Global, Imports, ISCR, Maghreb, Privatization, public debt debt ratio, public debt projection, staff appraisal, staff report projection, Tunisia
International Monetary Fund. "Tunisia: 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia", IMF Staff Country Reports 2006, 207 (2006), June 12, 2006.
Content in this bundle
- _cr06207
- _cr06207f — Extraits : Régime de change, stratégie macroéconomique et réformes