With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the Forex market overview 2011 Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development.
We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Tunisia’s growth performance in the post-Revolution period remains weak despite a modest acceleration in 2017. 5 percent post-Revolution compared to 4. 5 percent in the five years before it. 9 percent in 2017 compared to 1.
Youth and women have been particularly affected by the lack of economic opportunity: Tunisia is one of the few countries where a higher level of education decreases employability, in particular for women. Youth and women, in inland areas, are affected to the greatest degree, and the resulting growing outward migration of youth from these regions poses a growing threat to Tunisia’s long term economic competitiveness. Tunisia has continued to make progress in establishing a democratic governance system. Local elections are scheduled for May 2018, constituting a further significant step in the political transition process.
Dinar, due to social movements in mining regions, low oil prices and reduced investment in prospecting. Moreover, the contribution of investment, exports and productivity to growth are significantly below their pre-Revolution levels. Unemployment is high, particularly for youth and women, and in the interior regions, given limited progress towards greater job creation, one of the chief demands of the 2011 revolution. Unemployment has declined from its peak of 19 percent in 2011, right after the revolution, to 15. This poor performance is driven by weak job creation in the post-revolution period. Tunisia faces large fiscal and external deficits and high debt. 1 percent of GDP in 2017, 1 percentage point of GDP above the initial budget, due mainly to higher wage bill spending.
The current account deficit reached a record 10 percent of GDP in 2017 as export growth remained low compared to import growth, despite a gradual depreciation of the Dinar. 28 percent of the population also receives health care insurance cards through this program for subsidized services. Eligibility is based on a combination of categorical criteria and a variation of community-based targeting, determined by social worker interviews and local committees. The reasons for extending the CPF implementation period are related to the political context, notably the Presidential and Parliamentary elections scheduled for 2019, the need to reflect the government’s medium term economic program, which is to be implemented through CY 2020, the slower than expected progress in Tunisia’s economic transition process, and the related need to give more time for the country to achieve the objectives set out in the original CPF. The Social Protection Reform Support Project has strengthened institutional capacity to design social protection reforms and improve targeting of safety net programs. The project’s end target is 400,000 of the 900,000 that the government plans to cover.
The Road Transport Corridors Project will reduce transportation costs and times and improve road safety on select road corridors between lagging regions and more developed areas in the territory of Tunisia. The World Bank Group, All Rights Reserved. The BBC is not responsible for the content of external sites. Read about our approach to external linking. The capital market is a highly specialized and organized financial market and indeed essential agent of economic growth because of its ability to facilitate and mobilize saving and investment. Success in capital accumulation and mobilization for development varies among nations, but it is largely dependent on domestic savings and inflows of foreign capital. Therefore, to arrest the menace of the current economic downturn, effort must be geared towards effective resources mobilization.
The development of capital market in Nigeria, as in other developing countries has been induced by the government. Though prior to the establishment of stock market in Nigeria, there existed some less formal market arrangements for the operation of capital market. It was not prominent until the visit of Mr. Lobynesion in 1959, on the invitation of the Federal government, to advice on the role the Central Bank could play in the development of local money and capital market. In response to the problems mentioned above, the government accepted the principle of decentralization but opted for a National Stock Exchange, which will have branches in different parts of the country. There is abundant evidence that most Nigerian businesses lack long-term capital.