Source: International Monetary Fund (IMF) |

Coronavirus – Tunisia: International Monetary Fund (IMF) Executive Board Approves a US$745 Million Disbursement to Tunisia to Address the COVID-19 Pandemic

The economic impact of the COVID-19 pandemic is rapidly unfolding, with a sharp fall in growth expected for 2020

The IMF Executive Board approved a US$745 million emergency assistance loan to support Tunisia’s pro-active policy response to the Covid-19 pandemic; The economic impact of the COVID-19 pandemic is rapidly unfolding, with a sharp fall in growth expected for 2020; The IMF’s emergency support will provide additional resources for the…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to Tunisia

An International Monetary Fund (IMF) staff team led by Björn Rother visited Tunis from July 11–17, 2019, to discuss Tunisia’s recent economic developments, outlook and reform program

Tight monetary and fiscal policies during the first half of 2019 have reduced inflation and laid the foundation for a second year of budget deficit reduction; Risks to the economic outlook have increased due to higher oil prices, weaker growth in Tunisia’s trading partners, and an appreciating dinar; Near-term policies…

Source: International Monetary Fund (IMF) |

IMF Reaches Staff Level Agreement on the Fifth Review of Tunisia’s Reform Program Supported by the Extended Fund Facility Arrangement

The IMF team and the Tunisian authorities have reached a staff-level agreement on the Fifth Review of the country’s economic reform program supported by the IMF’s EFF arrangement

A staff-level agreement was reached between IMF staff and the Tunisian authorities on the Fifth review of Tunisia’s economic reform program supported by the Extended Fund Facility arrangement; The authorities and IMF staff agreed on policy and reform steps to ensure that the budget deficit target of 3.9 percent of…

Source: International Monetary Fund (IMF) |

Statement at the end of an International Monetary Fund (IMF) Staff Review Mission to Tunisia

The authorities are aware of the risks weighing on the economy and are committed to containing fiscal and external imbalances in this election year

The Tunisian authorities and IMF staff have reached mutual understandings on most issues and agree that the authorities need some more time to fully flesh out their policy proposals in a few areas. Discussions will continue in Washington, DC, over the coming days; the authorities’ efforts to support growth by…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Statement on Tunisia

Completion of the review would make available SDR 177 million (about US$257 million), bringing total disbursements under the EFF to about US$1.2 billion

The Tunisian authorities and the IMF team have made significant progress in the discussions on the policies needed to complete the Third Review. The Tunisian economy showed signs of recovery in the first quarter of 2018, with the highest growth since 2014 supported by agriculture and exports. Risks to macroeconomic…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Second Review under the Extended Fund Facility (EFF) Arrangement for Tunisia

The completion of the review allows the authorities to draw an amount equivalent to SDR 176.7824 million (about US$257.3 million)

The government’s reform program supported by the EFF arrangement aims at reducing high and growing macroeconomic imbalances, ensuring adequate social protection, and fostering private sector-led, job-creating growth. Growth-friendly and socially-conscious reforms will help stabilize public debt below 73 percent of GDP by 2020 and raise investment and social spending. Continued…

Source: International Monetary Fund (IMF) |

Statement by IMF Managing Director on Meeting with the Tunisian Prime Minister Youssef Chahed

Statement by IMF Managing Director on Meeting with the Tunisian Prime Minister Youssef Chahed: “The Prime Minister and I had a very productive meeting. We discussed the recent events in Tunisia and the government’s efforts to improve the economy.” “We understand the frustration of the Tunisian people who have not…

Source: International Monetary Fund (IMF) |

IMF Statement on Tunisia

Exchange rate flexibility, tighter monetary policy, and fuel price increases have already started to address the imbalances, and the recent launch of the fight against corruption has improved confidence

Growth is slowly improving, but strong consumption is fueling inflation and further increases already high fiscal and external deficits.  Exchange rate flexibility, tighter monetary policy, and fuel price increases have already started to address the imbalances, and the recent launch of the fight against corruption has improved confidence.  Putting the…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes First Review under the Extended Fund Facility (EFF) Arrangement with Tunisia

To achieve a growth-friendly and socially-conscious fiscal consolidation, it will be critical to implement the 2018 tax package and the new Large Taxpayers Unit, which will both increase tax fairness

The government’s reform program supported by the EFF aims at reducing the fiscal deficit to stabilize public debt below 70 percent of GDP by 2020 while raising investment and social spending. Monetary tightening and greater exchange rate flexibility will help contain inflation, improve competitiveness, and preserve international reserves. To achieve…

Source: International Monetary Fund (IMF) |

Germany and IMF Strengthen Capacity Development Cooperation in Africa

The Compact with Africa is an initiative launched under Germany’s G-20 Presidency in December 2016 and aims to boost private investment and increase infrastructure development in Africa

The IMF welcomes Germany’s commitment to strengthening its collaboration with the IMF on capacity development. Wolfgang Schäuble, Germany’s Federal Minister of Finance and Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today signed a Letter of Understanding whereby the German Ministry of Finance will provide €15 million in support…