Algeria: Selected Issues and Statistical Appendix

International Monetary Fund

No 2004/031, IMF Staff Country Reports from International Monetary Fund

Abstract: Algeria remains heavily dependent on the hydrocarbon sector and still maintains a sizable and inefficient state-owned enterprise sector. Against this background, the paper addresses two different issues with important implications for macroeconomic stability in Algeria. The paper proposes the replacement of directed credit to large loss-making public enterprises with temporary and explicit budget subsidies. It also shows that money, volume of imports, and weather conditions have a strong impact on price movements in the short term, whereas the exchange rate has none.

Keywords: ISCR; CR; chapter III; state-owned enterprise sector; chapter; banking reform; expansionary fiscal policy stance; price movement; Public enterprises; Inflation; State-owned banks; Consumer price indexes; Bank credit (search for similar items in EconPapers)
Pages: 84
Date: 2004-02-10
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Citations: View citations in EconPapers (2)

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