Algeria : Financial System Stability Assessment

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

June 10, 2014

Electronic Access:

Free Full text (PDF file size is 808 KB).Use the free Adobe Acrobat Reader to view this PDF file

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:

Notes:

Also available in French

English

Publication Date:

June 10, 2014

ISBN/ISSN:

9781498328739/1934-7685

Stock No:

1DZAEA2014003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

55

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