Tunisia suffers from relatively sluggish growth (IMF) | Tunisia News Gazette

Tunisia suffers from relatively sluggish growth (IMF)

“Tunisia suffers from a relatively sluggish growth that prevents it from achieving economic transition and inclusive growth,” said Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour.

Speaking at a press conference held Thursday in Rabat (Morocco) to launch the latest IMF Regional Economic Outlook annual report, he pointed out that the Tunisian authorities are called, today, to focus on structural reforms.

He added that the Tunisian economy is facing a series of challenges related to the effects of changes in growth, in addition to economic changes in the region and in the world.

Azour said the IMF supports the economic programme of the Tunisian government implemented and aimed at achieving a number of objectives, including the preservation of the stability of the major balances of the economy, through the reduction of the levels of the budget deficit and the treatment of the problem of indebtedness which has reached levels that weigh heavily on the Tunisian economy.

He stressed that the economic programme includes a set of measures and that the Tunisian government has already instituted some of them which have resulted in a progressive improvement of the public finance situation, in addition to the acceleration of the pace of structural reforms that allow increasing growth rates and contribute to reducing the high unemployment rate.

The Director of the Middle East and Central Asia Department of the IMF said these programmes will be implemented according to a schedule developed in consultation with the Fund’s mission.

In addition, Azour said that the issue of corruption and governance is among the main themes of intervention of the IMF to improve both economic and social indicators.

He noted that IMF support programmes to governments rely on additional financial reserves to address social problems and increase investment in infrastructure.

He added that any topic that contributes to improving internal governance and addressing the problem of corruption is one of the IMF’s priorities.

Source: TAP News Agency

[related_post themes="text" id="40948"]