In Tunisia, EBRD strategic priorities focus on:
Supporting Tunisia’s competitiveness by opening markets, strengthening governance, and levelling the playing field.
Promoting economic inclusion for women, young people and populations living in remote areas through private sector engagement.
Strengthening the resilience of the financial sector and broadening access to finance.
Supporting Tunisia’s green economy transition.
The EBRD’s Tunisia country strategy was approved on 12 December 2018
Tunisia's policy response to the coronavirus crisis
The EBRD is monitoring Tunisia's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.
Current EBRD forecast for Tunisia’s Real GDP Growth in 2021 2.7%
Current EBRD forecast for Tunisia’s Real GDP Growth in 2022 2.9%
The Covid-19 crisis and related containment measures resulted in an 8.8 per cent contraction in Tunisia’s economy in 2020. Significant reductions were observed in the tourism, transport, manufacturing, construction, trade and textiles sectors. Meanwhile, the agriculture and the food processing sectors posted strong growth, thanks to a record-breaking olive oil harvest in 2019-20.
The economic downturn continued in the first quarter of 2021 as GDP contracted by 3 per cent year-on-year. However, some recovery is expected in the rest of the year, and GDP is projected to grow by 2.7 per cent in 2021 and 2.9 per cent in 2022, supported by the impact of improved weather conditions on agriculture, notably olive oil production.
Meanwhile, the recovery will depend on the pace of vaccination allowing the reopening of the economy, including for the tourism sector. However, the reforms needed for a strong and sustainable recovery are being held back by the lack of political consensus and limited ambition in overhauling public administration and state-owned enterprises.
IMF-supported structural reforms may be delayed further, and the economic impact is likely to be slow as fiscal tightening is expected to hold back a stronger recovery. Other downside risks include lingering effects of the pandemic and the slow recovery in tourism worldwide.