Tunisia: Request for a Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tunisia
IMF Staff Country Reports, June 17, 2013
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- Tunisia: Request for a Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tunisia
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Bibliographic details
- Published: June 17, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484383841.002
Macroeconomic overview and staff findings
- 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 economic reform agenda aims to address social and economic disparities and high youth unemployment through short-term stabilization measures while laying foundations to support growth.
- Executive Directors commend the government’s commitment to maintaining an appropriate fiscal stance while making space for critical spending priorities and repayments of arrears.
Key challenges identified
- Social and economic disparities.
- High youth unemployment.
- Eroded fiscal buffers.
- Eroded external buffers.
Policy recommendations and strategic priorities
- Maintain a prudent monetary policy stance to achieve short-term macroeconomic stabilization goals.
- Rebuild external buffers through monetary and external sector policies.
- Maintain an appropriate fiscal stance while allocating space for critical spending priorities.
- Prioritize repayments of arrears while pursuing the economic reform agenda to support inclusive growth and address unemployment.
Publication and metadata
- Publication title: Tunisia: Request for a Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tunisia
- Date: June 17, 2013
- Series: Country Report No. 2013/161
- Issue: 161
- Volume: 2013
- Pages: 94
- DOI: https://doi.org/10.5089/9781484383841.002
- Stock No: 1TUNEA2013001
- ISBN: 9781484383841
- ISSN: 1934-7685
- Subjects: Banking, Commercial banks, Credit, Financial institutions, Inflation, Loans, Money, Prices, Public debt
- Keywords: amount, authority, Commercial banks, country's economic reform program, CR, Credit, East Africa, economic reform reform program, Europe, exchange rate, Global, Inflation, ISCR, Loans, Middle East, North Africa, program, SDR, Tunisia's quota, Tunisian authorities
Source: Tunisia: Request for a Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tunisia (IMF Staff Country Reports 2013, No. 161, June 17, 2013).
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