IMF Statement on Tunisia
An International Monetary Fund (IMF) Mission led by Mr. Björn Rother, visited Tunis from October 28 to November 10, 2016, to discuss policy priorities of the first review of Tunisia’s economic program supported by a four-year IMF Extended Fund Facility (EFF) arrangement (See Press Release 16/238).
At the conclusion of the mission, Mr. Rother issued the following statement:
“The mission held constructive discussions with the Tunisian authorities on the policies needed to complete the first review under Tunisia’s EFF arrangement. The team welcomes the authorities’ good progress in adopting critical policies such as the new investment code and business plans for public banks. Near-term priorities aim at containing rapid increases in public debt, which stands above 60 percent of GDP, and laying the foundations for sustainable growth that improves the lives of all Tunisians. Specifically, they include: approving a 2017 budget law that boosts the public investment envelope and keeps the overall deficit and current spending at sustainable levels, develop medium-term tax measures, and adopting a comprehensive civil service reform strategy that improves availability, quality and efficiency of services. Discussions with the authorities on these reforms will continue from Washington over the next weeks.”