Tunisia: First Review Under the Extended Fund Facility, Request for Waivers of NonObservance of Performance Criteria and Rephasing of Access-Press Release; Staff Report;and Statement by the Executive Director for Tunisia

Tunisia - First Review Under the Extended Fund Facility, Request for Waivers of NonObservance of Performance Criteria and Rephasing of Access

Volume/Issue: Volume 2017 Issue 203

Publication date: July 2017

ISBN: 9781484308653

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , GDP , government , reform , reform priority , EFF arrangement , Tunisian authorities , tax package , government program , GDP cycle , Government debt management , Credit , Africa , Middle East , West Africa

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Summary

This paper discusses Tunisia’s First Review Under the Extended Fund Facility (EFF), Request for Waivers of Nonobservance of Performance Criteria and Rephasing of Access. Most quantitative performance criteria (QPCs) for end-December 2016 were missed and all structural benchmarks (SBs) through March 2017 were delayed. Most delayed SBs, including on private sector legislation, performance contracts for public banks, the civil service strategy, and the large taxpayers unit are now completed. The remaining ones will be achieved by end-2017. The IMF staff recommends the completion of the EFF review and supports the authorities’ request for rephasing of access and waivers of nonobservance of end-December QPCs.