Algeria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency and Banking Supervision
IMF Staff Country Reports, May 17, 2004
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- Algeria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency and Banking Supervision
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Bibliographic details
- Published: May 17, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811445.002
Summary findings
- Highlights the Observance of Standards and Codes on monetary and financial policy transparency and banking supervision.
- Financial intermediation in Algeria will be bank-based in the future.
- Only politically difficult decisions to gradually sell state banks will eliminate the drag that current banking practices have on resource allocation.
- No system dominated by state banks has avoided large loan losses or contributed effectively to economic development.
Policy implications and recommendations (implicit in assessment)
- Gradual privatization/sale of state banks to reduce drag on resource allocation.
- Strengthen banking supervision and monetary and financial policy transparency to support bank-based financial intermediation.
- Address bank operating environment and bank soundness to reduce large loan losses associated with state-dominated systems.
Subjects and keywords
- Subject: Asset and liability management, Bank credit, Banking, Credit, Economic sectors, Expenditure, Financial institutions, Liquidity, Money, Public enterprises, State-owned banks
- Keywords: amortizable bank restructuring bond, bank liquidity, bank operating environment, bank privatization, bank screening, bank shareholder, bank soundness, bank treasurer, banks in Algeria, CR, Credit, Eastern Europe, Europe, generalist bank, ISCR, Liquidity, problems bank, Public enterprises, stabilization fund, State-owned banks
Algeria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency and Banking Supervision (IMF Staff Country Reports 2004, 138).
Content in this bundle
- 1. Main Recommendations