Algeria: Stabilization and Transition to Market
August 6, 1998
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This paper offers Algeria's recent experience with macroeconomic stabilization and systemic transformation from a centrally planned to a market economy. The analyses focuses on the period since 1994 when Algeria embarked on a comprehensive reform program that has benefitted from IMF support, first through a one-year Stand-by Arrangement, and from May 1995, through a three-year arrangement under the Extended Fund Facility. To better understand this experience, this paper provides some background information on Algeria's political history and economic developments during the period preceding the Stand-By arrangement.
Subject: Commercial banks, Economic sectors, Expenditure, Financial institutions, Housing, Imports, International trade, National accounts, Public enterprises
Keywords: Algeria's achievement, Algeria's effort, Commercial banks, East Asia, Eastern Europe, Global, government, Housing, Imports, lending program, Maghreb, North Africa, OP, price liberalization, public enterprise, Public enterprises, reform program, section VIII, Western Europe
Pages:
92
Volume:
1998
DOI:
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Issue:
013
Series:
Occasional Paper No. 1998/013
Stock No:
S165EA0000000
ISBN:
9781557756916
ISSN:
0251-6365
