Algeria: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria

March 9, 2006

Preview Citation

Format: Chicago

Algeria: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria, (USA: International Monetary Fund, 2006) accessed September 20, 2024

Also available in: français

Summary

This 2005 Article IV Consultation highlights that the Algerian economy continues to benefit from abundant and increasing hydrocarbon revenues. Real GDP growth is expected to continue at about 5 percent in 2005, led by increased output in the hydrocarbon sector and sustained activity in the construction and services sectors. Executive Directors have welcomed the authorities’ resolve to maintain fiscal sustainability over the medium term. They have stressed the importance of preparing comprehensive medium-term budget projections, and limiting increases in real wages to increases in productivity in the nonhydrocarbon sector.

Subject: Credit, External debt, Financial institutions, Money, Oil prices, Prices, Public debt, State-owned banks

Keywords: Algeria's participation, CR, Credit, Global, Government debt-to-GDP ratio, IMF staff representative, ISCR, Maghreb, Oil prices, Participation, Participation in GDDS, Staff appraisal, State-owned banks

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/093
Stock No:

1DZAEA2006001
ISBN:

9781451811490
ISSN:

1934-7685

Notes

Also available online in French

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