{
  "title": "Algeria: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria",
  "publication": "IMF Staff Country Reports, March 9, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/algeria-2005-article-iv-consultation-staff-report-staff-statement-public-information-notice-18993",
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  "summary": "This 2005 Article IV Consultation highlights that the Algerian economy continues to benefit from abundant and increasing hydrocarbon revenues.",
  "sections": [
    {
      "heading": "Economic outlook and growth drivers",
      "content": "- The Algerian economy continues to benefit from abundant and increasing hydrocarbon revenues.\n- Real GDP growth is expected to continue at about 5 percent in 2005.\n- Growth is led by:\n  - increased output in the hydrocarbon sector\n  - sustained activity in the construction and services sectors"
    },
    {
      "heading": "Fiscal stance and medium-term sustainability",
      "content": "- Executive Directors welcomed the authorities’ resolve to maintain fiscal sustainability over the medium term.\n- Directors stressed the importance of:\n  - preparing comprehensive medium-term budget projections\n  - limiting increases in real wages to increases in productivity in the nonhydrocarbon sector"
    },
    {
      "heading": "Subject areas and keywords emphasized",
      "content": "- Subject: Credit, External debt, Financial institutions, Money, Oil prices, Prices, Public debt, State-owned banks\n- Keywords: Algeria's participation, CR, Credit, Global, government debt-to-GDP ratio, IMF staff representative, ISCR, Maghreb, Oil prices, participation, participation in GDDS, staff appraisal, State-owned banks\n\nAlgeria: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria (IMF Staff Country Report).\n\n---\n\n Content in this bundle\n\n- cr0693\n  - cr0693 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0693 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr0693f\n  - cr0693f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0693f (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 9, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451811490.002",
    "The Algerian economy continues to benefit from abundant and increasing hydrocarbon revenues.",
    "Real GDP growth is expected to continue at about 5 percent in 2005.",
    "Growth is led by:",
    "Executive Directors welcomed the authorities’ resolve to maintain fiscal sustainability over the medium term.",
    "Directors stressed the importance of:",
    "Subject: Credit, External debt, Financial institutions, Money, Oil prices, Prices, Public debt, State-owned banks",
    "Keywords: Algeria's participation, CR, Credit, Global, government debt-to-GDP ratio, IMF staff representative, ISCR, Maghreb, Oil prices, participation, participation in GDDS, staff appraisal, State-owned banks",
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