Algeria: Report on the Observance of Standards and Codes-Fiscal Transparency Module
IMF Staff Country Reports, March 1, 2005
Source details
- Canonical URL
- Algeria: Report on the Observance of Standards and Codes-Fiscal Transparency Module
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Bibliographic details
- Published: March 1, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811483.002
Executive summary and scope
- Reviews the Fiscal Transparency Module for Algeria.
- Focus areas include: budget planning and preparation; expenditure; fiscal accounting and reporting; fiscal law; fiscal policy; public debt; public financial management (PFM).
Key findings on central bank and exchange regime operations
- The Bank of Algeria (BA) does not apply multicurrency practices.
- The BA does not require import deposits.
- As a result, there are no quasi-fiscal activities in exchange regime-related operations.
Key findings on financial system-related operations
- No bailouts have been carried out by the BA.
- There are no longer any caps on credit.
Findings on privatization and transparency
- Privatization procedures are characterized by considerable flexibility.
- In practice, this flexibility limits transparency.