Algeria: Staff Report for the 2002 Article IV Consultation

International Monetary Fund

No 2004/033, IMF Staff Country Reports from International Monetary Fund

Abstract: The strong hydrocarbon export performance has allowed Algeria to strengthen its external position and record a budget surplus. Executive Directors commend the government for the broad improvement in macroeconomic indicators. The government has eased the fiscal stance, and this strategy has succeeded in boosting short-term growth. The surge in credit to the economy is a concern. Algeria should reinvigorate its structural and institutional reform efforts to put the economy on a sustainable path of higher growth, lower unemployment, improved social conditions, and reduced poverty.

Keywords: ISCR; CR; staff projection; euro exchange rate; authority; staff appraisal; deposit auction; hydrocarbon revenue; Oil prices; Credit; Middle East; Maghreb (search for similar items in EconPapers)
Pages: 54
Date: 2004-02-10
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