{
  "title": "Algeria: 2009 Article IV Consultation: Staff Report; and Public Information Notice",
  "publication": "IMF Staff Country Reports, March 2, 2010",
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  "summary": "This report reviews the Article IV Consultation with Algeria on economic developments and policies. Algeria has enjoyed several years of strong economic performance driven by public spending, but continues to face important challenges.",
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    {
      "heading": "Executive summary and main findings",
      "content": "- The report reviews the Article IV Consultation with Algeria on economic developments and policies.\n- Algeria has enjoyed several years of strong economic performance driven by public spending.\n- Nonhydrocarbon (NH) growth and job creation are largely sustained by public spending.\n- There is a pressing need to accelerate structural reforms to diversify the economy, letting a competitive and outward-oriented private sector emerge.\n- Executive Directors welcomed Algeria’s strong economic performance in recent years, with solid NH growth and low inflation."
    },
    {
      "heading": "Policy challenges and emphasis",
      "content": "- Structural reform priority: accelerate reforms to diversify away from hydrocarbon dependence and foster a competitive, outward-oriented private sector.\n- Fiscal and public spending context: public spending has been the main driver of NH growth and job creation, indicating vulnerability to changes in fiscal stance or hydrocarbon revenues.\n- Macroeconomic environment: continued focus on maintaining low inflation while supporting nonhydrocarbon growth."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subjects: Credit, Expenditure, Money, Oil prices, Prices, Public debt, Revenue administration\n- Keywords: CR, Credit, exchange rate, fresh food price, Global, headline inflation, inflation low, ISCR, Maghreb, MFD expert, monetary policy, Oil prices, public spending demand, revenue\n\n---\n\n Content in this bundle\n\n- cr1057\n  - cr1057 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1057 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 2, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451811605.002",
    "The report reviews the Article IV Consultation with Algeria on economic developments and policies.",
    "Algeria has enjoyed several years of strong economic performance driven by public spending.",
    "Nonhydrocarbon (NH) growth and job creation are largely sustained by public spending.",
    "There is a pressing need to accelerate structural reforms to diversify the economy, letting a competitive and outward-oriented private sector emerge.",
    "Executive Directors welcomed Algeria’s strong economic performance in recent years, with solid NH growth and low inflation.",
    "Structural reform priority: accelerate reforms to diversify away from hydrocarbon dependence and foster a competitive, outward-oriented private sector.",
    "Fiscal and public spending context: public spending has been the main driver of NH growth and job creation, indicating vulnerability to changes in fiscal stance or hydrocarbon revenues.",
    "Macroeconomic environment: continued focus on maintaining low inflation while supporting nonhydrocarbon growth.",
    "Subjects: Credit, Expenditure, Money, Oil prices, Prices, Public debt, Revenue administration",
    "Keywords: CR, Credit, exchange rate, fresh food price, Global, headline inflation, inflation low, ISCR, Maghreb, MFD expert, monetary policy, Oil prices, public spending demand, revenue",
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