Algeria: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria

February 3, 2011

Preview Citation

Format: Chicago

Algeria: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria, (USA: International Monetary Fund, 2011) accessed September 18, 2024

Also available in: français

Summary

Despite the effects of the international crisis, real nonhydrocarbon GDP (NHGDP) growth in 2009 exceeded the average of 6 percent. Algeria’s good economic performance supported by the authorities’ prudent fiscal and monetary policies and the favorable external environment are welcomed. The authorities’ policy to maintain the real effective exchange rate close to equilibrium, which is consistent with external stability, is encouraged. Containing government spending would contribute to reducing pressures for real exchange appreciation and potential Dutch disease effects.

Subject: Credit, Current spending, Expenditure, Financial institutions, Money, Oil prices, Prices, State-owned banks

Keywords: Capital expenditure, Containing government spending, CR, Credit, Current spending, FDI regulation, Global, Government, ISCR, Oil prices, Private sector development, Reform, Selected Issues paper, State-owned banks, Wage bill

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/039
Stock No:

1DZAEA2011001
ISBN:

9781455216581
ISSN:

1934-7685

Notes

Also available in French

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