{
  "title": "Algeria: Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, June 10, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/algeria-financial-system-stability-assessment-41624",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/algeria-financial-system-stability-assessment-41624",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/algeria-financial-system-stability-assessment-41624/index.md",
  "summary": "This paper discusses key findings of the Financial System Stability Assessment on Algeria. The global crisis has had virtually no impact on Algeria’s financial system, which remains stable overall but thoroughly underdeveloped.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The Financial System Stability Assessment finds Algeria’s financial system \"stable overall but thoroughly underdeveloped.\"\n- The global crisis \"has had virtually no impact on Algeria’s financial system.\"\n- Financial sector reforms have been delayed by \"the emergence of global financial and regional political turmoil.\""
    },
    {
      "heading": "Key findings",
      "content": "- Protective features shielding the banking sector from external shocks:\n  - \"Pervasive exchange controls.\"\n  - \"Widespread public ownership.\"\n  - \"An abundance of domestic funding.\"\n- Structural constraints and policy choices:\n  - Privatization of banks has been \"halted.\"\n  - Consumer lending has been \"suspended.\"\n- Progress on prior recommendations:\n  - \"The authorities have also made progress in a number of areas implementing the recommendations of the 2007 Financial Sector Assessment Program update.\""
    },
    {
      "heading": "Financial sector features and vulnerabilities",
      "content": "- Market structure and ownership:\n  - Dominance of state-owned banks contributes to limited development of private banking services.\n- Market openness and external exposure:\n  - Exchange controls and domestic funding reduce exposure to external shocks but constrain integration with international financial markets.\n- Lending and credit dynamics:\n  - Suspension of consumer lending limits household credit growth and financial deepening.\n- Regulatory context:\n  - Ongoing implementation of selected 2007 FSAP update recommendations indicates partial regulatory progress amid a cautious reform environment."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Reform sequencing and priorities (inferred from findings presented):\n  - Resume and sequence financial sector reforms when global and regional stability allow, with attention to privatization where appropriate.\n  - Reassess exchange control regime to balance external shock protection with financial deepening and market integration.\n  - Re-evaluate consumer lending suspension to support household access to credit while maintaining financial stability safeguards.\n  - Continue implementing outstanding recommendations from the 2007 Financial Sector Assessment Program update to strengthen supervision, resolution frameworks, and market infrastructure.\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/algeria-financial-system-stability-assessment-41624\n\n---\n\n Content in this bundle\n\n- Algeria: Financial System Stability Assessment; IMF Country Report No. 14/161, January 9, 2014\n  - Algeria: Financial System Stability Assessment; IMF Country Report No. 14/161, January 9, 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Algeria: Financial System Stability Assessment; IMF Country Report No. 14/161, January 9, 2014 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Algérie évaluation de la stabilité du secteur financier; Rapport du FMI No. 14/161; 9 janvier 2014\n  - Algérie évaluation de la stabilité du secteur financier; Rapport du FMI No. 14/161; 9 janvier 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Algérie évaluation de la stabilité du secteur financier; Rapport du FMI No. 14/161; 9 janvier 2014 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/algeria-financial-system-stability-assessment-41624/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/algeria-financial-system-stability-assessment-41624/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/algeria-financial-system-stability-assessment-41624/bundle-manifest.json)",
    "Published: June 10, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498328739.002",
    "The Financial System Stability Assessment finds Algeria’s financial system \"stable overall but thoroughly underdeveloped.\"",
    "The global crisis \"has had virtually no impact on Algeria’s financial system.\"",
    "Financial sector reforms have been delayed by \"the emergence of global financial and regional political turmoil.\"",
    "Protective features shielding the banking sector from external shocks:",
    "Structural constraints and policy choices:",
    "Progress on prior recommendations:",
    "Market structure and ownership:",
    "Market openness and external exposure:",
    "Lending and credit dynamics:",
    "Regulatory context:",
    "Reform sequencing and priorities (inferred from findings presented):",
    "**Algeria: Financial System Stability Assessment; IMF Country Report No. 14/161, January 9, 2014**",
    "**Algérie évaluation de la stabilité du secteur financier; Rapport du FMI No. 14/161; 9 janvier 2014**"
  ],
  "related": [
    {
      "title": "Algeria: Financial System Stability Assessment; IMF Country Report No. 14/161, January 9, 2014",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr14161.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr14161.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr14161.pdf",
        "mime": "application/pdf"
      }
    },
    {
      "title": "Algérie évaluation de la stabilité du secteur financier; Rapport du FMI No. 14/161; 9 janvier 2014",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2014/_cr14161f.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2014/_cr14161f.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2014/_cr14161f.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/algeria-financial-system-stability-assessment-41624/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/algeria-financial-system-stability-assessment-41624/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/algeria-financial-system-stability-assessment-41624/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-13T17:28:30.801Z"
}