Algeria: Recent Economic Developments
August 23, 2000
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Owing to the implementation of IMF-supported programs in 1994–98, Algeria’s macroeconomy has improved. In 1999, there was an upward trend in the agricultural sector. The hydrocarbon sector represents the main source of foreign exchange earnings. Revenue developments are particularly sensitive to changes in the world oil prices and exchange rate fluctuations. The monetary policy framework used by the monetary authority could be more explicit. Finally, a low level of inflation in the medium term has been attained. Algeria's tariffs ranges between 5 and 45 percent.
Subject: Banking, Commodities, Economic sectors, Exports, External debt, International trade, Oil, Oil prices, Prices, Public enterprises
Keywords: Africa, Algerian authorities, central bank, CR, debt service, Eastern Europe, Europe, Exports, foreign exchange, gross domestic product, ISCR, monetary policy, Oil, Oil prices, private sector, Public enterprises, short-term debt, U.S. dollar, unit price
Pages:
98
Volume:
2000
DOI:
Issue:
105
Series:
Country Report No. 2000/105
Stock No:
1DZAEA0022000
ISBN:
9781451811407
ISSN:
1934-7685
