## 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

_IMF Staff Country Reports, March 9, 2006_

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## Bibliographic details
- Published: March 9, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811490.002

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### Economic outlook and growth drivers
- 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:
  - increased output in the hydrocarbon sector
  - sustained activity in the construction and services sectors

### Fiscal stance and medium-term sustainability
- Executive Directors welcomed the authorities’ resolve to maintain fiscal sustainability over the medium term.
- Directors stressed the importance of:
  - preparing comprehensive medium-term budget projections
  - limiting increases in real wages to increases in productivity in the nonhydrocarbon sector

### Subject areas and keywords emphasized
- 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

*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 (IMF Staff Country Report).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/algeria-2005-article-iv-consultation-staff-report-staff-statement-public-information-notice-18993_