Algeria: Financial System Stability Assessment

Publication Date: June 10, 2014
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Summary: This paper discusses key findings of the Financial System Stability Assessment on Algeria. The global crisis has had virtually no impact on Algeria’s financial system, which remains stable overall but thoroughly underdeveloped. Pervasive exchange controls, widespread public ownership, and an abundance of domestic funding have protected banks from external shocks. Financial sector reforms have been pushed to the backburner by the emergence of global financial and regional political turmoil, with privatization of banks halted and consumer lending suspended. The authorities have also made progress in a number of areas implementing the recommendations of the 2007 Financial Sector Assessment Program update.
Series: Country Report No. 14/161
Subject(s): Financial system stability assessment | Financial sector | Banks | Nonbank financial sector | Basel Core Principles | Bank supervision | Stress testing | Financial stability | Financial safety nets | Algeria

Notes Also available in French
Publication Date: June 10, 2014
ISBN/ISSN: 9781498328739/1934-7685 Format: Paper
Stock No: 1DZAEA2014003 Pages: 55
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