Algeria: 2011 Article IV Consultation: Staff Report; Public Information Notice

International Monetary Fund

No 2012/020, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2011 Article IV Consultation reports that despite an uncertain international economic environment, the Algerian economy has been doing relatively well. Real nonhydrocarbon GDP growth in 2010 reached 6 percent and total GDP growth was 3 percent. Executive Directors have welcomed Algeria’s overall good economic performance in recent years amid a difficult international economic environment. Nevertheless, they noted that significant challenges persist, and have encouraged the authorities to renew their efforts to preserve macroeconomic stability, restore fiscal prudence, and diversify the economy with a stronger private sector.

Keywords: ISCR; CR; price; GDP; economy; Algeria; MFD expert; nonfood inflation; hydrocarbon GDP growth; break-even price; fresh food price; stabilization fund; Oil prices; Current spending; Credit; Budget planning and preparation; Global; Maghreb (search for similar items in EconPapers)
Pages: 41
Date: 2012-01-31
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