Algeria: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria
IMF Staff Country Reports, March 9, 2006
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- Canonical URL
- Algeria: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria
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Bibliographic details
- Published: March 9, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811490.002
Economic outlook and growth drivers
- The Algerian economy continues to benefit from abundant and increasing hydrocarbon revenues.
- Real GDP growth is expected to continue at about 5 percent in 2005.
- Growth is led by:
- increased output in the hydrocarbon sector
- sustained activity in the construction and services sectors
Fiscal stance and medium-term sustainability
- Executive Directors welcomed the authorities’ resolve to maintain fiscal sustainability over the medium term.
- Directors stressed the importance of:
- preparing comprehensive medium-term budget projections
- limiting increases in real wages to increases in productivity in the nonhydrocarbon sector
Subject areas and keywords emphasized
- Subject: Credit, External debt, Financial institutions, Money, Oil prices, Prices, Public debt, State-owned banks
- Keywords: Algeria's participation, CR, Credit, Global, government debt-to-GDP ratio, IMF staff representative, ISCR, Maghreb, Oil prices, participation, participation in GDDS, staff appraisal, State-owned banks
Algeria: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria (IMF Staff Country Report).
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