Algeria: Staff Report for the 2000 Article IV Consultation

August 4, 2000

Summary

In 1994–98, Algeria was successful in restoring macroeconomic stability and implementing structural reforms. The fiscal position deteriorated in the first part of 1999, owing to low oil prices. Executive Directors supported the reform program introduced in early 2000, and welcomed its emphasis on accelerating reform of the banking and public sector companies but stressed the need for detailed implementation plans. The economic environment should be improved to promote private economic activity, including domestic and foreign investment. The authorities are urged to accelerate trade liberalization.

Subject: Banking, Commercial banks, Economic sectors, Exports, Financial institutions, Housing, International trade, National accounts, Oil prices, Prices, Public enterprises

Keywords: Africa, banks vis-à-vis, capital adequacy ratio, Commercial banks, CR, debt service, Eastern Europe, establishment, Europe, Exports, Global, Housing, hydrocarbon export revenue, IMF staff estimate, ISCR, law, Maghreb, Oil prices, Public enterprises, telecommunications sector, U.S. dollar

Pages:
161
Volume:
2000
DOI:
https://doi.org/10.5089/9781451811360.002
Issue:
093
Series:
Country Report No. 2000/093
Stock No:
1DZAEA0012000
ISBN:
9781451811360
ISSN:
1934-7685

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Notes

Included with the Staff Report are the text of Public Information Notice No. 00/54; a Report on the Observance of Standards and Codes on Banking Supervision; and a report on Recent Economic Developments.

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