Algeria: 2007 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 2008/103, IMF Staff Country Reports from International Monetary Fund

Abstract: Algeria’s external position has strengthened. Algeria’s encouraging economic performances in recent years, reflecting market-oriented reforms and prudent macroeconomic policies in a favorable external environment, are discussed. The main challenges faced by Algeria are to ensure sustained high productivity and nonhydrocarbon growth and to lower further the still-high unemployment. In this context, Executive Directors' welcomed the recent increase in the reserve requirement rate. Gradual steps to reduce exemptions, improve VAT design, and eliminate the turnover tax would contribute importantly to improving the business climate.

Keywords: ISCR; CR; envisaged government repurchase; financing; Algeria; GDP; bank financing; reform strategy; fiscal policy; investment program; State-owned banks; Credit; Fiscal stance; Real effective exchange rates; Corporate bonds; Global; Maghreb (search for similar items in EconPapers)
Pages: 41
Date: 2008-03-17
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