Algeria: Staff Report for the 2002 Article IV Consultation

February 10, 2004

Preview Citation

Format: Chicago

Algeria: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed November 24, 2024

Summary

The strong hydrocarbon export performance has allowed Algeria to strengthen its external position and record a budget surplus. Executive Directors commend the government for the broad improvement in macroeconomic indicators. The government has eased the fiscal stance, and this strategy has succeeded in boosting short-term growth. The surge in credit to the economy is a concern. Algeria should reinvigorate its structural and institutional reform efforts to put the economy on a sustainable path of higher growth, lower unemployment, improved social conditions, and reduced poverty.

Subject: Banking, Credit, Expenditure, External debt, Money, Oil prices, Prices, Public debt

Keywords: Authority, CR, Credit, Deposit auction, Euro exchange rate, Hydrocarbon revenue, ISCR, Maghreb, Middle East, Oil prices, Staff appraisal, Staff projection

Publication Details

Pages:

54
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2004/033
Stock No:

1DZAEA0022004
ISBN:

9781451811438
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports