Algeria: Staff Report for the 2001 Article IV Consultation and Post-Program Monitoring Discussion

International Monetary Fund

No 2001/162, IMF Staff Country Reports from International Monetary Fund

Abstract: Since the outset of IMF-supported adjustment and reform program, Algeria has made substantial progress toward the restoration of macroeconomic stability and implemented a set of structural reforms. High hydrocarbon prices also contributed to a sharp improvement in the budget position. A prudent fiscal stance and cautious easing of monetary conditions have led to a major strengthening of the balance of payments position and a large accumulation of official reserves. The authorities are urged to enhance transparency and strengthen the efforts to improve governance.

Keywords: ISCR; CR; privatization; tariff rate; price; rate; staff appraisal; Algeria's OPEC quota; Algérie Télécom; dollar terms; hydrocarbon price; exchange rate; Oil prices; Tariffs; Public enterprises; Global (search for similar items in EconPapers)
Pages: 57
Date: 2001-09-19
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