## Algeria: Selected Issues

_IMF Staff Country Reports, June 1, 2017_

## Source details

**Canonical URL:** [Algeria: Selected Issues](https://www.imf.org/en/publications/cr/issues/2017/06/01/algeria-selected-issues-44961)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/06/01/algeria-selected-issues-44961/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/06/01/algeria-selected-issues-44961/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/06/01/algeria-selected-issues-44961/bundle-manifest.json)

## Bibliographic details
- Published: June 1, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484302675.002

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### Overview
- This Selected Issues paper discusses options for financing future fiscal deficits in Algeria.
- Algeria needs to undertake sustained fiscal consolidation to restore fiscal sustainability.
- The authorities should consider borrowing both domestically and externally to finance future fiscal deficits.

### Key findings
- Increased government debt issuance would facilitate the development of domestic financial markets by creating a reliable yield curve that serves as a benchmark for private sector issuers.
- External borrowing would mitigate crowding out effects.
- External borrowing would strengthen international reserves, broaden the investor base, and raise awareness about Algeria’s economy.

### Policy recommendations
- Undertake sustained fiscal consolidation to restore fiscal sustainability.
- Consider increased domestic government debt issuance to develop domestic financial markets and establish a reliable yield curve for private sector benchmarking.
- Consider external borrowing to mitigate crowding out, strengthen international reserves, broaden investor base, and raise international awareness of the economy.

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17142.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17142.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/06/01/algeria-selected-issues-44961_