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TUNISIA - Country Strategy Paper 2017-2021

03-Jul-2017

entered a phase of political and economic transition. While the country achieved a successful transition with the adoption of a new Constitution on 27 January 2014 and the organization of general elections, the economy is struggling to return to the high growth rates of the pre-2010 period. In addition to the security aspect, the need to meet the strong social demands expressed during the Revolution has created significant macro-fiscal imbalances that the authorities are experiencing difficulty in reducing. The low average growth rates posted since 2011 (1.71% over the 2011-2015 period compared to 3.6% over the 2008-2010 period) have mainly been due to delays in implementing structural reforms aimed at adjusting Tunisia’s economic development model in force since 1972. From 2011 to 2016, the Bank has provided Tunisia with support in the form of two (2) interim strategies (2012-2013 and 2014- 2016), whose objective was to support the transition period by financing operations aimed at reducing regional disparities, fighting inequality and supporting the implementation of structural and governance reforms. It was also necessary to give the authorities the necessary time to allow them to prepare their medium-term strategy. In this regard, the Bank financed a major capacity building programme, including the provision of technical assistance and the conduct of strategic studies aimed at assisting decision-making by the authorities.

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