Algeria: 2006 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria.
February 22, 2007
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Algeria’s key challenges are to achieve sustained growth and reduce unemployment, while maintaining macroeconomic stability. This 2006 Article IV Consultation highlights that real GDP growth of Algeria temporarily declined to about 3 percent in 2006, largely because of a drop in hydrocarbon output for technical reasons. Inflation remained low through mid-year but is picking up. Monetary policy remained prudent, in line with the authorities’ objective of containing inflation. The Bank of Algeria continued to absorb most of the excess liquidity of the banking system through deposit auctions in 2006.
Subject: Credit, Expenditure, External debt, Financial institutions, Money, Public debt, Public investment spending, State-owned banks
Keywords: Algerian authorities, authorities' reform priority, CR, Credit, government, government service, high-quality fund policy dialogue, ISCR, Maghreb, monetary policy, policy, Public investment spending, reform priority, stabilization fund, staff note, State-owned banks, world oil price
Pages:
46
Volume:
2007
DOI:
Issue:
072
Series:
Country Report No. 2007/072
Stock No:
1DZAEA2007002
ISBN:
9781451811537
ISSN:
1934-7685
Notes
Also Available in French
