The Article 4 consultations that took place between the Central Bank and the International Monetary Fund (IMF), were concluded in Tunisia.
During the meetings that continued throughout the week, the Governor of the Central Bank Saddiq Al-Kabeer stressed the Central Bank’s keenness to work and coordinate with all state institutions and international partners, to advance the state’s monetary as well as its economic and financial policies.
According to the Central Bank’s press office, the IMF’s mission emphasized the bank’s vision of the necessity of diversifying sources of income, controlling public spending, and making reforms in the field of fuel subsidies. The IMF appreciated the Central Bank’s development of its supervisory procedures to reduce banking risks, and its strengthening of systems to combat money laundering.
Representatives of the Audit Bureau, the National Oil Corporation, the Ministries of Finance, Planning, Economy and Trade, Labor and Rehabilitation, and the Department of Statistics and Census participated in the meetings held in Tunisia.
The Article IV consultations are bilateral meetings held annually between the IMF and member states, after which a team of IMF experts visits the member state and conducts official consultations with its officials.