{
  "title": "Algeria: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria",
  "publication": "IMF Staff Country Reports, April 12, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/04/12/algeria-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-547687",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2024/04/12/algeria-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-547687",
  "overlayPath": "/en/publications/cr/issues/2024/04/12/algeria-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-547687/index.md",
  "summary": "The 2023 Article IV Consultation discusses that the Algerian economy is estimated to have grown by 4.2 percent in 2023, a robust performance owing to a rebound in hydrocarbon production and strong performance in the industry, construction, and service sectors.",
  "sections": [
    {
      "heading": "Economic performance in 2023",
      "content": "- The Algerian economy is estimated to have grown by 4.2 percent in 2023.\n- Growth drivers identified:\n  - Rebound in hydrocarbon production.\n  - Strong performance in the industry, construction, and service sectors.\n- Inflation is highlighted as a continuing concern."
    },
    {
      "heading": "Near-term outlook and medium-term prospects",
      "content": "- Near-term outlook: broadly positive.\n- Medium-term prospects hinge on:\n  - Efforts to diversify the economy.\n  - The ability to attract private investment.\n- Risks: medium-term prospects are subject to several risks (unspecified in the summary)."
    },
    {
      "heading": "Monetary, financial sector, and inclusion",
      "content": "- The reforms embodied in the Monetary and Banking Law could:\n  - Strengthen the credit market infrastructure.\n  - Develop long-term savings products.\n  - Advance financial inclusion.\n- Monetary policy considerations referenced include inflation pressures and monetary policy tightening (terms preserved from the source keywords)."
    },
    {
      "heading": "Structural reforms and policy recommendations",
      "content": "- Sustained and bold reforms recommended to:\n  - Tap the potential of the private sector as a driver of sustained growth and job creation.\n- Specific reform measures noted:\n  - Implementation of the Investment Law.\n  - Enactment of a new Land Law to foster private sector initiative and investment.\n  - Complementary reforms suggested: reforming the state-owned enterprises sector and making product and labor markets more flexible."
    },
    {
      "heading": "Fiscal and public sector themes",
      "content": "- Subjects listed in the report include:\n  - Budget planning and preparation.\n  - Public debt.\n  - Public financial management (PFM).\n  - State-owned banks and financial institutions.\n\n---\n\n Content in this bundle\n\n- 1dzaea2024001\n  - 1dzaea2024001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1dzaea2024001 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2024/04/12/algeria-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-547687/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2024/04/12/algeria-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-547687/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2024/04/12/algeria-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-547687/bundle-manifest.json)",
    "Published: April 12, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400271878.002",
    "The Algerian economy is estimated to have grown by 4.2 percent in 2023.",
    "Growth drivers identified:",
    "Near-term outlook: broadly positive.",
    "Medium-term prospects hinge on:",
    "Risks: medium-term prospects are subject to several risks (unspecified in the summary).",
    "The reforms embodied in the Monetary and Banking Law could:",
    "Sustained and bold reforms recommended to:",
    "Specific reform measures noted:",
    "Subjects listed in the report include:",
    "**1dzaea2024001**"
  ],
  "related": [
    {
      "title": "1dzaea2024001",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2024/english/1dzaea2024001.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2024/english/1dzaea2024001.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2024/english/1dzaea2024001.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2024/04/12/algeria-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-547687/index.md",
    "json": "/en/publications/cr/issues/2024/04/12/algeria-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-547687/index.json",
    "bundleManifest": "/en/publications/cr/issues/2024/04/12/algeria-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-547687/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-11T18:42:17.775Z"
}