Algeria: 2012 Article IV Consultation

February 22, 2013

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Algeria: 2012 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed December 24, 2024

Summary

The economic condition of Algeria in 2012 is stable. Rising inflation, continued heavy reliance on the hydrocarbon sector and public spending, and vulnerability to a prolonged decline in the oil price, as well as high unemployment pose significant challenges. Explicitly considering an annual cap on drawdowns from the oil fund would strengthen the oil price fiscal rule. The importance of public financial management, shortcomings in the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) framework, restrictive FDI, and full-fledged budget framework has been stressed. Measures taken for increasing employment have been outlined.

Subject: Current spending, Expenditure, Fiscal policy, Fiscal stance, Inflation, Oil prices, Prices, Public financial management (PFM)

Keywords: CR, Current spending, FAD mission, Fiscal stance, Global, Inflation, Inflation pressure, ISCR, Liability positions vis-à-vis nonresident, Liquidity absorption, Maghreb, Price pressure, Rate, Staff assessment

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/047
Stock No:

1DZAEA2013001
ISBN:

9781589067479
ISSN:

1934-7685

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