Algeria: 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria

IMF Staff Country Reports, December 2, 2021

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Algeria: 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria

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Bibliographic details

• Published: December 2, 2021
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781616357948.002

Impact of 2020 shocks

• The concomitant Covid-19 pandemic and oil price shock in 2020 have taken a heavy toll on the Algerian economy and the population.
• The authorities’ response helped mitigate the social and economic impact of the crisis.
• The crisis exacerbated the Algerian economy’s vulnerabilities, making even more urgent the need for a new, more inclusive and sustainable, growth model.

Recovery and outlook (2021)

• A recovery is underway in 2021, but the outlook remains challenging.
• The recent rebound in hydrocarbon prices should buoy the recovery and ease immediate financing constraints.
• Addressing long-standing structural challenges will help to realize Algeria’s vast growth potential for the benefit of its population.

Major themes and policy areas covered

• COVID-19
• Financial institutions
• Health
• Imports
• International organization
• International trade
• Monetary policy
• Oil prices
• Prices
• Public debt
• State-owned banks

Keywords and policy focus

• base period
• central bank
• central bank financing
• COVID-19
• financial asset
• Global
• government financing
• Imports
• Oil prices
• Policy discussion
• policy mix
• private sector investment
• State-owned banks

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