Tunisia - Current economic position and prospects

RESTRICTED Report No. EMA-8 - a I l_ This report Is for offidal use only by the Bank Group and specifically authorized organizations or persons. It may not be published, quoted or cited without Bank Group authorization. The Bank Group does not accept responsibiity for the accuracy or completeness ol the report. I I INTERNATIONAL BANK FOR RECONSTRUCTON AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION CURR ENT ECONOMIC POSITION A ?WTr T% - hf%CT-IM f' 'T'0 OF TUNISIA August 18, 1971 Europe, Middle East and North Africa Department  CURRENCY EQUIVALENTS' 1 dinar = 1.905 U.S. dollars 1 U. S. dollar = 0. 525 dinar  TABLE OF CONTENTS Page No.. MAP RAIC- nATA SLJMARY AND CONCSIONS .........N... ..... ,. I. ECONOMIC TRENDS AND DEVELOPMENT ISSUES . . ... Econor,,ic G-rowth . 1 Investment and Saving. 2 Demandn Mana -ement . .................. ................. 4 Balance of Payments. 5 ln AA 1 nnmAn flh1.-.n.-e-..4 e 4 AnC Develpet Opprtuitie-t}Ws ........................ 6 @*@**z*@@ T'T VPNXnVoxfTr 'DVNDT17J1ATAKTM R | E E XEs\}L/\w & x D .t\LM\eLv s }UL. L. L . . . . . . . . . . t. . . . . . . . . . . . Vconom,,ic POlann-ing .. . . . . . . . . . . . . . . . . Fiscal Policy .10 Trade, Price and Wage Policy .12 P)opulation, Tao Forc e and- E.l--., n _15 iT U LU L.LU. LaJCtU L X. IJI C GILU KdULjJ.LUyU1LLL . . ............. sTT h> A Tt%n l: I'h-T f r VIl 'FThL' "C' J-.LJ-. IJXJUI\ LLhJ[Ui~ ~JA~JAJI\.............................. 51. IutJvJ~a bU.iU Is nAV 1 A. AgrLculture .................................... 19 B. Industry .25 C.. Tourism ........ 32 D., Transport ......... ............................. 33 E., Education ......... ............................. 35 Iv. DFtVELOPMiENT PROSPECTS .39 Prospects for 1971 .39 Longer-term Prospects .41 External Debt .43 STATISI'CAL APPENDTX This report is based on the findings of a mission which visited Tunisia in March 1971. The mission consisted of Messrs. 0. Maiss (chief), B. Schnutz (general economist)- G. Sciolli (fiscal eronomist)- B.. Szabo (agricrlttiral economist), J. Casati (industrial economist), H. Thias (manpower specialist). Mr. I. Smith nrpnared the transnnrt chanter at headquarters.   TU NISIA t ,pi F v i ,~ F i.R d~ A v AF A tVI5 r 7 X +,~~~~~~~~~~~~" " i ute 'UN vs ~~s_~~~ j/ ,^/// ~~~~~Te>b-b. .g [o A> / ~~~~bei.<: T,de, UNIgRAnio o0 20 30 _40 50 t/,/>, A~ L.?t (9 ! > X 8~~~~~~~~~~~~~~~Z Of HA M GAA} E I.Jl feon ~ /\ {}b , J S 9/</>).I5LA ,- X, X < |tl W GD