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Algeria: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2000: Issue 105
Language:
English
Publication Date:
23 Aug 2000
DOI:
https://doi.org/10.5089/9781451811407.002
ISBN:
9781451811407
ISSN:
1934-7685
Pages:
98
Keywords:
ISCR; CR; gross domestic product; U.S. dollar; Algerian authorities; debt service; central bank; foreign exchange; unit price; monetary policy; private sector; short-term debt; Public enterprises; Exports; Oil prices; Oil; Europe; Eastern Europe; Africa
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Owing to the implementation of IMF-supported programs in 1994–98, Algeria’s macroeconomy has improved. In 1999, there was an upward trend in the agricultural sector. The hydrocarbon sector represents the main source of foreign exchange earnings. Revenue developments are particularly sensitive to changes in the world oil prices and exchange rate fluctuations. The monetary policy framework used by the monetary authority could be more explicit. Finally, a low level of inflation in the medium term has been attained. Algeria's tariffs ranges between 5 and 45 percent.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund