IMF Releases Report on Tunisian Economic Growth
2004-11-09
Monetary policy remains prudent and inflation under control
After IMF Article IV Consultation meetings ended with Tunisia in October, an IMF report released Monday (8 November) assesses Tunisia's economic performance over the last decade as one of the strongest in the region, reflecting gradual structural reforms, well-targeted social policies, and prudent macroeconomic policies. The Tunisian economy grew in 2003 and the short-term outlook, according to the IMF, is favourable. Monetary policy remains prudent and inflation under control. The 2004 budget deficit target of 2.8 per cent of GDP is within reach, due to measures on subsidies expenditures and higher-than-expected profit transfers from state-owned enterprises. (IMF)
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