Over the past decade and a half, Tunisia has won plaudits for its gradual macroeconomic reforms and stable monetary policy. The IMF recently noted that “Tunisia’s economic performance has been one of the strongest in the region” over the past 10 years. It is one of only three African countries carrying an investment-grade rating ” BBB with a stable outlook from all leading agencies.
According to the IMF: “Fiscal and monetary discipline has contributed to macroeconomic stability, in the context of a real effective exchange rate targeting framework with controls on capital flows.”
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