According to Joel Toujas-Bernat, the International Monetary Fund’s (IMF) Tunisian mission chief, Tunisia maintains a “relatively favorable position” to address the financial crisis. In addition to the government’s historically “cautious” monetary policy, which created a buffer zone for public finances, Toujas-Bernat cited an anticipated “good performance” in agriculture and energy as the underpinning for the country’s projected 3% growth rate this year. Though the country’s export markets in particular have been affected by the crisis, he continued, “the political openness of the economy”, which has realized improvements in both productivity and competitiveness, has helped made Tunisian companies “more robust” and thus better equipped to withstand the economic shock.
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