Algeria : 2012 Article IV Consultation

Publication Date: February 22, 2013
Electronic Access: Free Full text (PDF file size is 1,198KB).
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Summary: The economic condition of Algeria in 2012 is stable. Rising inflation, continued heavy reliance on the hydrocarbon sector and public spending, and vulnerability to a prolonged decline in the oil price, as well as high unemployment pose significant challenges. Explicitly considering an annual cap on drawdowns from the oil fund would strengthen the oil price fiscal rule. The importance of public financial management, shortcomings in the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) framework, restrictive FDI, and full-fledged budget framework has been stressed. Measures taken for increasing employment have been outlined.
Series: Country Report No. 13/47
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Unemployment | Hydrocarbons | Oil revenues | Public investment | Fiscal sustainability | Banking sector | Exchange rate assessments | Economic indicators | Public information notices | Staff Reports | Algeria

Publication Date: February 22, 2013
ISBN/ISSN: 9781589067479/1934-7685 Format: Paper
Stock No: 1DZAEA2013001 Pages: 64
US$18.00 (Academic Rate:
US$18.00 )
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