Algeria: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria

March 17, 2008

Preview Citation

Format: Chicago

Algeria: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria, (USA: International Monetary Fund, 2008) accessed November 8, 2024

Summary

Algeria’s external position has strengthened. Algeria’s encouraging economic performances in recent years, reflecting market-oriented reforms and prudent macroeconomic policies in a favorable external environment, are discussed. The main challenges faced by Algeria are to ensure sustained high productivity and nonhydrocarbon growth and to lower further the still-high unemployment. In this context, Executive Directors' welcomed the recent increase in the reserve requirement rate. Gradual steps to reduce exemptions, improve VAT design, and eliminate the turnover tax would contribute importantly to improving the business climate.

Subject: Corporate bonds, Credit, Financial institutions, Fiscal policy, Fiscal stance, Foreign exchange, Money, Public investment and public-private partnerships (PPP), Real effective exchange rates, State-owned banks

Keywords: Algeria, Bank financing, Corporate bonds, CR, Credit, Envisaged government repurchase, Financing, Fiscal policy, Fiscal stance, GDP, Global, Investment program, ISCR, Maghreb, Real effective exchange rates, Reform strategy, State-owned banks

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/103
Stock No:

1DZAEA2008002
ISBN:

9781451811568
ISSN:

1934-7685

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