{
  "title": "Algeria: 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria",
  "publication": "IMF Staff Country Reports, December 2, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/12/01/algeria-2021-article-iv-consultation-press-release-and-staff-report-and-statement-by-the-510495",
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  "summary": "The concomitant Covid-19 pandemic and oil price shock in 2020 have taken a heavy toll on the Algerian economy and the population. The authorities’ response helped mitigate the social and economic impact of the crisis.",
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    {
      "heading": "Impact of 2020 shocks",
      "content": "- The concomitant Covid-19 pandemic and oil price shock in 2020 have taken a heavy toll on the Algerian economy and the population.\n- The authorities’ response helped mitigate the social and economic impact of the crisis.\n- The crisis exacerbated the Algerian economy’s vulnerabilities, making even more urgent the need for a new, more inclusive and sustainable, growth model."
    },
    {
      "heading": "Recovery and outlook (2021)",
      "content": "- A recovery is underway in 2021, but the outlook remains challenging.\n- The recent rebound in hydrocarbon prices should buoy the recovery and ease immediate financing constraints.\n- Addressing long-standing structural challenges will help to realize Algeria’s vast growth potential for the benefit of its population."
    },
    {
      "heading": "Major themes and policy areas covered",
      "content": "- COVID-19\n- Financial institutions\n- Health\n- Imports\n- International organization\n- International trade\n- Monetary policy\n- Oil prices\n- Prices\n- Public debt\n- State-owned banks"
    },
    {
      "heading": "Keywords and policy focus",
      "content": "- base period\n- central bank\n- central bank financing\n- COVID-19\n- financial asset\n- Global\n- government financing\n- Imports\n- Oil prices\n- Policy discussion\n- policy mix\n- private sector investment\n- State-owned banks\n\n---\n\n Content in this bundle\n\n- 1dzaea2021001\n  - 1dzaea2021001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1dzaea2021001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 2, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781616357948.002",
    "The concomitant Covid-19 pandemic and oil price shock in 2020 have taken a heavy toll on the Algerian economy and the population.",
    "The authorities’ response helped mitigate the social and economic impact of the crisis.",
    "The crisis exacerbated the Algerian economy’s vulnerabilities, making even more urgent the need for a new, more inclusive and sustainable, growth model.",
    "A recovery is underway in 2021, but the outlook remains challenging.",
    "The recent rebound in hydrocarbon prices should buoy the recovery and ease immediate financing constraints.",
    "Addressing long-standing structural challenges will help to realize Algeria’s vast growth potential for the benefit of its population.",
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    "**1dzaea2021001**"
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