## Algeria: 2009 Article IV Consultation: Staff Report; and Public Information Notice

_IMF Staff Country Reports, March 2, 2010_

## Source details

**Canonical URL:** [Algeria: 2009 Article IV Consultation: Staff Report; and Public Information Notice](https://www.imf.org/en/publications/cr/issues/2016/12/31/algeria-2009-article-iv-consultation-staff-report-and-public-information-notice-23672)

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## Bibliographic details
- Published: March 2, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811605.002

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### Executive summary and main findings
- 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.

### Policy challenges and emphasis
- 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.

### Subject coverage and keywords
- 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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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/algeria-2009-article-iv-consultation-staff-report-and-public-information-notice-23672_