See also:
» 05.05.2011 - Large budget aid programme for Tunisia
» 28.01.2011 - Tunisia revolution to set back economy
» 16.07.2010 - Tunisia secures economic growth
» 24.11.2009 - Africa’s think-tank discuss response to global financial crisis
» 12.06.2009 - Tunisia sign currency guarantee agreement with WB
» 24.06.2008 - Strong economic growth in Tunisia
» 03.06.2004 - New development strategy for successful Tunisia
» 19.06.2003 - Tunisian economy recovering from shocks











China wholesale online through DHgate.com


Houlihan's coupons


Finn autentiske matoppskrifter fra hele verden på Verdensmat.no:
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares


Autentiske matoppskrifter fra hele verden finner du på Verdensmat.no:
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike


Tunisia
Economy - Development

"Economic outlook for Tunisia favourable"

afrol News, 8 November - The strong growth of Tunisia's economy is foreseen to keep on the rest of this year and in 2005. Analysts expect a real GDP growth rate in 2004 of 5.6 percent, the same level as last year. Tunisia remains the strongest economic performer of the North African region and the strongest cause of concern is the high unemployment rate in the country.

This was the conclusion of a mission by the International Monetary Fund (IMF), reviewing the economic performance of Tunisia. The IMF team found a strong economic growth in a country that slowly and in a controlled manner has introduced economic reforms and is set to go ahead opening up its economy.

- Over the past decade, Tunisia's economic performance has been one of the strongest in the region, reflecting gradual but continuous structural reforms, well-targeted social policies, and prudent macroeconomic policies, according to the IMF. Tunisia signed an Association Agreement with the EU in 1995, marking the beginning of a significant opening to trade with Europe. Further, fiscal and monetary discipline had contributed to macroeconomic stability.

The IMF team found that the strength of the Tunisian economy had continued in 2003 and "the short-term outlook is favourable." Favourable agriculture production and robust non-energy exports contributed to high growth and a narrowing of the external current account deficit in 2003. A rebound in tourism, a pickup in European demand, and continued real depreciation of the dinar is projected to sustain this strength in 2004. Monetary policy was remaining prudent and inflation under control.

- Despite Tunisia's favourable economic performance, its objective of approaching lower-tier OECD income levels has not been met, and unemployment remains high, the IMF however noted. Meeting this challenge would "require strengthening the macroeconomic policy framework and accelerating structural change," the Fund observed.

Regarding a macroeconomic policy framework, Tunis authorities are preparing to gradually open up the external capital account. To maintain a measure of monetary policy independence, the authorities have begun a gradual transition toward a floating exchange rate regime. Tunisian authorities are further implementing structural reforms supported by the World Bank, the African Development Bank and the EU.

The IMF leadership today commended the Tunisian government for its success in "maintaining the economy's resilience and strength, notwithstanding recent shocks and sluggish growth in Europe - Tunisia's main export market." They noted that Tunisian structural policies, in conjunction with well-targeted social policies, have put the country among the leaders in the region in terms of growth and market-oriented reforms.

The IMF directors in a statement noted that, while the economic outlook for 2005 remained favourable - underpinned by a rebound in tourism, agriculture, and exports - the main challenge for Tunisia was to "solidify conditions for strong, sustainable growth" and reduce unemployment.

They therefore encouraged the authorities to "take advantage of the current environment to accelerate reforms aimed at raising the economy's potential and creating a business environment conducive to private investment. Appropriate sequencing of these reforms while maintaining social cohesion will be key to the success of such efforts," the IMF leaders added.


- Create an e-mail alert for Tunisia news
- Create an e-mail alert for Economy - Development news


 
    Printable version


On the Afrol News front page now

Rwanda
Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Guinea
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.



front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at mail@afrol.com