The International Monetary Fund (IMF) revealed that Tunisia is experiencing a modest recovery due to political and economic uncertainties following a visit by a fund-raising mission from IMF to review the economic reform program. According to the IMF, GDP growth will reach 2.7% in 2019, compared to 2.6% in 2018.
Tunisia has been implementing an economic reform program with the International Monetary Fund (IMF) since 2016, under which it obtained a $ 2.8 billion loan.
According to the Fund, although the Tunisian authorities have continued to implement the reform policy; however, high macroeconomic vulnerabilities continue to threaten economic stability, explaining that tax procedures in 2018 and tax collection had improved revenues while energy price increases helped contain the growth of energy subsidies.
IMF revealed that the containment of the growth of energy subsidies contributed to increased spending on public investment and social programs that provide jobs, but major imbalances still hinder Tunisia's growth and employment potential, where growth remains highly dependent on consumption, and investment and exports remain non-dynamic.
Source: (Al-Arabi Al-Jadeed newspaper, edited)
