Tunisia (Republic of) Apr 09
Standard & Poors, April 2009
Abstract
Strong budget resilience to shocks, which has facilitated gradual debt reduction Prudent monetary policy, including moderate inflation and a more flexible exchange rate regime An open, fairly diversified, and growing economy The need for further institutional and structural reforms in light of limited fiscal flexibility and high unemployment Large public sector debt burden A banking sector that requires further strengthening The ratings on the Republic of Tunisia are supported by the government's prudent macroeconomic policies, underpinned by a broad consensus and an experienced technocratic administration, which have allowed regular growth and moderate fiscal deficits for more than a decade, allowing the general government debt to GDP ratio to gradually decrease. The ratings remain constrained by a pace of political liberalization...
Companies mentioned in this report are: Tunisia (Republic of),Banque Centrale de Tunisie
Action: Review
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Research Type: Full Analysis
Tunisia (Republic of),Banque Centrale de Tunisie
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