Algeria: Staff Report for the 2013 Article IV Consultation
IMF Staff Country Reports, February 4, 2014
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- Algeria: Staff Report for the 2013 Article IV Consultation
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Bibliographic details
- Published: February 4, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475566215.002
Data quality and timeliness — summary findings
- Data provision in Algeria has some shortcomings, but is broadly adequate for surveillance.
- Data are published with a delay of less than one month.
- Monetary statistics compiled by the authorities are largely in line with the methodology in the 2000 Monetary and Financial Statistics Manual and its companion 2008 Compilation Guide.
Government finance statistics — key shortcomings
- Insufficient institutional coverage.
- Classification problems.
- Long lags for production of statistics.
- Lack of reconciliation of financing with the monetary accounts.
Root causes identified
- Lack of financial resources allocated to the compilation of statistics.
- Insufficient interagency coordination.
- Concern about accuracy that gives rise to reluctance to publish provisional data.
Implications for surveillance and statistical development
- While overall data are broadly adequate for surveillance, weaknesses in government finance statistics undermine full transparency and timely policy analysis.
- Alignment of monetary statistics with international manuals supports monetary surveillance, but fiscal statistics require targeted improvements to reconcile financing and monetary accounts.
Policy-oriented actions (as implied by findings)
- Allocate financial resources to strengthen the compilation of statistics.
- Improve interagency coordination to address coverage and classification issues.
- Establish procedures and safeguards to allow publication of provisional fiscal data to reduce long lags.
Content in this bundle
- Algeria: 2013 Article IV Consultation; IMF Country Report No. 14/32, January 9, 2014