Tunisia: First and Second Reviews Under the Stand-By Arrangement, Request for Waiver of Applicability and Nonobservance of Performance Criteria
International Monetary Fund. Middle East and Central Asia Dept.
Feb 2014 · International Monetary Fund
Ebook
92
Pages
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About this ebook
This paper discusses Tunisia’s First and Second Reviews Under the Stand-by Arrangement and Request for Waivers of Applicability and Nonobservance of Performance Criteria. Program performance has been mixed. A weak budget composition, lower budget commitments, and deferred cash payments to 2014 resulted in an overperformance of the end-December fiscal target for the central government primary balance. Looking ahead, the program will continue to focus on ensuring short-term macroeconomic stabilization while laying the foundations for sustained reforms that will reduce economic vulnerabilities and generate higher and more inclusive growth.
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