{
  "title": "Algeria: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria",
  "publication": "IMF Staff Country Reports, March 17, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/algeria-2007-article-iv-consultation-staff-report-public-information-notice-on-the-executive-21817",
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  "summary": "Algeria’s external position has strengthened. Algeria’s encouraging economic performances in recent years, reflecting market-oriented reforms and prudent macroeconomic policies in a favorable external environment, are discussed.",
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    {
      "heading": "Overview and Main Findings",
      "content": "- Algeria’s external position has strengthened.\n- Algeria’s encouraging economic performances in recent years reflect market-oriented reforms and prudent macroeconomic policies in a favorable external environment.\n- Main challenges:\n  - Ensure sustained high productivity and nonhydrocarbon growth.\n  - Lower further the still-high unemployment."
    },
    {
      "heading": "Policy Responses and Recommendations",
      "content": "- Executive Directors welcomed the recent increase in the reserve requirement rate.\n- Fiscal and revenue policy recommendations:\n  - Gradual steps to reduce exemptions.\n  - Improve VAT design.\n  - Eliminate the turnover tax.\n- These reforms are assessed as contributing importantly to improving the business climate."
    },
    {
      "heading": "Subject Areas and Keywords (as listed)",
      "content": "- Subject: Corporate bonds, Credit, Financial institutions, Fiscal policy, Fiscal stance, Foreign exchange, Money, Public investment and public-private partnerships (PPP), Real effective exchange rates, State-owned banks\n- Keywords: Algeria, bank financing, Corporate bonds, CR, Credit, envisaged government repurchase, financing, fiscal policy, Fiscal stance, GDP, Global, investment program, ISCR, Maghreb, Real effective exchange rates, reform strategy, State-owned banks\n\n---\n\n Content in this bundle\n\n- cr08103\n  - cr08103 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08103 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 17, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451811568.002",
    "Algeria’s external position has strengthened.",
    "Algeria’s encouraging economic performances in recent years reflect market-oriented reforms and prudent macroeconomic policies in a favorable external environment.",
    "Main challenges:",
    "Executive Directors welcomed the recent increase in the reserve requirement rate.",
    "Fiscal and revenue policy recommendations:",
    "These reforms are assessed as contributing importantly to improving the business climate.",
    "Subject: Corporate bonds, Credit, Financial institutions, Fiscal policy, Fiscal stance, Foreign exchange, Money, Public investment and public-private partnerships (PPP), Real effective exchange rates, State-owned banks",
    "Keywords: Algeria, bank financing, Corporate bonds, CR, Credit, envisaged government repurchase, financing, fiscal policy, Fiscal stance, GDP, Global, investment program, ISCR, Maghreb, Real effective exchange rates, reform strategy, State-owned banks",
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