Algeria: Selected Issues

June 1, 2017

Preview Citation

Format: Chicago

Algeria: Selected Issues, (USA: International Monetary Fund, 2017) accessed December 26, 2024

Summary

This Selected Issues paper discusses options for financing future fiscal deficits in Algeria. Algeria needs to undertake sustained fiscal consolidation to restore fiscal sustainability. The authorities should consider borrowing both domestically and externally to finance future fiscal deficits. Increased government debt issuance would facilitate the development of domestic financial markets by creating a reliable yield curve that serves as a benchmark for private sector issuers. The authorities should consider external borrowing, which would not only mitigate crowding out effects but also strengthen international reserves, broaden the investor base, and raise awareness about Algeria’s economy.

Subject: External debt, Fiscal risks, Government debt management, Inflation, Prices, Public debt, Public financial management (PFM)

Keywords: Bank, CR, Determinants of inflation, Fiscal risks, Global, Government debt management, Inflation, Inflation expectation, ISCR, Loss-making SOEs, Single-equation inflation model, SOEs debt

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/142
Stock No:

1DZAEA2017002
ISBN:

9781484302675
ISSN:

1934-7685

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