Algeria: Staff Report for the 2000 Article IV Consultation
IMF Staff Country Reports, August 4, 2000
Source details
- Canonical URL
- Algeria: Staff Report for the 2000 Article IV Consultation
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Bibliographic details
- Published: August 4, 2000
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811360.002
Summary
- In 1994–98, Algeria was successful in restoring macroeconomic stability and implementing structural reforms.
- The fiscal position deteriorated in the first part of 1999, owing to low oil prices.
- Executive Directors supported the reform program introduced in early 2000 and welcomed its emphasis on accelerating reform of the banking and public sector companies but stressed the need for detailed implementation plans.
- The economic environment should be improved to promote private economic activity, including domestic and foreign investment.
- The authorities are urged to accelerate trade liberalization.
Key findings and economic developments
- Timeframe of stabilization and reform: 1994–98.
- Deterioration of fiscal position: first part of 1999, attributed to low oil prices.
- Policy emphasis in early 2000 program:
- Accelerating reform of the banking sector.
- Accelerating reform of public sector companies.
- Need for detailed implementation plans for reforms.
- Private sector and investment focus:
- Improve economic environment to promote domestic and foreign investment.
- Accelerate trade liberalization to support private activity.
Attachments and included reports (as noted)
- Text of Public Information Notice No. 00/54.
- A Report on the Observance of Standards and Codes on Banking Supervision.
- A report on Recent Economic Developments.
Content in this bundle
- Algeria: Staff Report for the 2000 Article IV Consultation - ISCR/00/93