Algeria: 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria

December 2, 2021

Preview Citation

Format: Chicago

Algeria: 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Also available in: français

Summary

The concomitant Covid-19 pandemic and oil price shock in 2020 have taken a heavy toll on the Algerian economy and the population. The authorities’ response helped mitigate the social and economic impact of the crisis. Nevertheless, the crisis exacerbated the Algerian economy’s vulnerabilities, making even more urgent the need for a new, more inclusive and sustainable, growth model. A recovery is underway in 2021, but the outlook remains challenging. While the recent rebound in hydrocarbon prices should buoy the recovery and ease immediate financing constraints, addressing long-standing structural challenges will help to realize Algeria’s vast growth potential for the benefit of its population.

Subject: COVID-19, Financial institutions, Health, Imports, International organization, International trade, Monetary policy, Oil prices, Prices, Public debt, State-owned banks

Keywords: Base period, Central bank, Central bank financing, COVID-19, Financial asset, Global, Government financing, Imports, Oil prices, Policy discussion, Policy mix, Private sector investment, State-owned banks

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/253
Stock No:

1DZAEA2021001
ISBN:

9781616357948
ISSN:

1934-7685

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