Algeria: Selected Issues

International Monetary Fund

No 2008/104, IMF Staff Country Reports from International Monetary Fund

Abstract: Algeria’s local corporate bond market provides a good basis for further diversifying the economy’s financing channels. This study analyzes the nexus of bank financing of public enterprises in the ongoing national investment program (NIP) and also sets Algeria’s local corporate bond market in a cross-country perspective. It develops options for developing local capital markets during the timeframe of the NIP, and considers improvements in some aspects of market functioning. The authorities have taken measures to help the banking system increase lending to public enterprises over the next few years.

Keywords: ISCR; CR; bank; public enterprise; approach consist; equilibrium value; current account norm; B. bank financing; government securities; Public enterprises; Real exchange rates; Real effective exchange rates; Current account balance; Credit; Middle East and Central Asia (search for similar items in EconPapers)
Pages: 31
Date: 2008-03-17
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Citations: View citations in EconPapers (2)

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