Algeria: Selected Issues

International Monetary Fund

No 2014/034, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines the options and strategies for designing a fiscal framework for Algeria. It suggests that given the expected lifetime of hydrocarbon reserves, ensuring long-term sustainability and saving for future generations should be the priorities of fiscal policy. The fiscal framework also needs to be supported by an adequate institutional arrangement. Overall, the reserves management capacity should be strengthened. The budget law needs to incorporate the new fiscal rule and define the way to enforce it. For the sake of smooth transition, the management of the sovereign wealth fund should be the responsibility of the central bank, which already has the capacity and experience in reserves management.

Keywords: ISCR; CR; Algeria; monetary policy; cost; exchange rate; price; price rule; ICT sector; scores well; monetary policy effectiveness; ICT cost; productivity gain; medium term; oil price; import cost; Fiscal governance; Liquidity; Liquidity management; Credit; Central bank policy rate; Global; East Asia; Asia and Pacific; Eastern Europe; Central Asia; Sub-Saharan Africa; monetary policy transmission channels; price competitiveness; competitiveness in Algeria; E. managing resource; staff team of the International Monetary Fund (search for similar items in EconPapers)
Pages: 59
Date: 2014-02-05
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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