Algeria: Staff Report for the 2002 Article IV Consultation

February 10, 2004

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Algeria: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed September 19, 2024

Summary

The strong hydrocarbon export performance has allowed Algeria to strengthen its external position and record a budget surplus. Executive Directors commend the government for the broad improvement in macroeconomic indicators. The government has eased the fiscal stance, and this strategy has succeeded in boosting short-term growth. The surge in credit to the economy is a concern. Algeria should reinvigorate its structural and institutional reform efforts to put the economy on a sustainable path of higher growth, lower unemployment, improved social conditions, and reduced poverty.

Subject: Banking, Credit, Expenditure, External debt, Money, Oil prices, Prices, Public debt

Keywords: Authority, CR, Credit, Deposit auction, Euro exchange rate, Hydrocarbon revenue, ISCR, Maghreb, Middle East, Oil prices, Staff appraisal, Staff projection

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/033
Stock No:

1DZAEA0022004
ISBN:

9781451811438
ISSN:

1934-7685

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