Algeria: Staff Report for the 2000 Article IV Consultation

International Monetary Fund

No 2000/093, IMF Staff Country Reports from International Monetary Fund

Abstract: In 1994–98, Algeria was successful in restoring macroeconomic stability and implementing structural reforms. The fiscal position deteriorated in the first part of 1999, owing to low oil prices. Executive Directors supported the reform program introduced in early 2000, and welcomed its emphasis on accelerating reform of the banking and public sector companies but stressed the need for detailed implementation plans. The economic environment should be improved to promote private economic activity, including domestic and foreign investment. The authorities are urged to accelerate trade liberalization.

Keywords: ISCR; CR; telecommunications sector; law; establishment; hydrocarbon export revenue; banks vis-à-vis; debt service; IMF staff estimate; U.S. dollar; capital adequacy ratio; Oil prices; Public enterprises; Commercial banks; Exports; Housing; Global; Europe; Eastern Europe; Maghreb; Africa (search for similar items in EconPapers)
Pages: 161
Date: 2000-08-04
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