## Algeria: 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria

_IMF Staff Country Reports, December 2, 2021_

## Source details

**Canonical URL:** [Algeria: 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria](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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## Bibliographic details
- Published: December 2, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616357948.002

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### Impact of 2020 shocks
- 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.

### Recovery and outlook (2021)
- 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.

### Major themes and policy areas covered
- COVID-19
- Financial institutions
- Health
- Imports
- International organization
- International trade
- Monetary policy
- Oil prices
- Prices
- Public debt
- State-owned banks

### Keywords and policy focus
- base period
- central bank
- central bank financing
- COVID-19
- financial asset
- Global
- government financing
- Imports
- Oil prices
- Policy discussion
- policy mix
- private sector investment
- State-owned banks

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- **1dzaea2021001**
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_Source: 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_