Algeria: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria

International Monetary Fund

No 2011/039, IMF Staff Country Reports from International Monetary Fund

Abstract: Despite the effects of the international crisis, real nonhydrocarbon GDP (NHGDP) growth in 2009 exceeded the average of 6 percent. Algeria’s good economic performance supported by the authorities’ prudent fiscal and monetary policies and the favorable external environment are welcomed. The authorities’ policy to maintain the real effective exchange rate close to equilibrium, which is consistent with external stability, is encouraged. Containing government spending would contribute to reducing pressures for real exchange appreciation and potential Dutch disease effects.

Keywords: ISCR; CR; government; private sector development; capital expenditure; FDI regulation; reform; containing government spending; Selected Issues paper; wage bill; Current spending; Oil prices; Credit; State-owned banks; Global (search for similar items in EconPapers)
Pages: 41
Date: 2011-02-03
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